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Manufactured homes are appreciating faster than site-built homes

Housing Wire

Despite that attention, however, some in the industry have chafed at the portrayal of land-lease communities by government housing authorities. In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program.

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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

It also recommends that the GSEs launch a “Home-Only loan pilot, [and to] consider adding any additional consumer protections, include a standardized land lease, and homebuyer education and counseling,” the document explains.

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Who Manages Georgia Lakes?

Hank Miller Team

Georgia Power has similar deep interests; homes on their lakes have land leases granted to the owners. The company retains ownership of the land and leases it back to the owner of the structure. Strict to the point of owners doing nothing, even landscape clean up, without permission.

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How to Handle the Weird Stuff: Appraisal Methods from an Experienced Florida Appraiser

McKissock

Example: Land lease. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Reason was it was the last portion of the block of land, and the owner wouldn’t sell, but did agree to the land lease.

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Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Housing Wire

With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. That’s why I find it interesting. They weren’t a good partner for us in that.”

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Lake Home

Hank Miller Team

Georgia Power has similar deep interests, homes on their lakes have land leases to the owners. They retain ownership of the land and lease it back to the owner of the structure. The Corps Of Engineers has exceptionally strict jurisdiction over the docks, shorelines and areas leading to their lakes. sadasdfasdfsadf

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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

Manufactured home communities — also known as land-lease communities — are a critical model for the delivery of affordable manufactured homes, with half of the new manufactured homes currently being placed in such communities. Congress can help.