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Outdated manufactured home? This reverse LO could save the day

Housing Wire

The bulk of these are land-lease communities in which residents own their homes but not the underlying land. The Manufactured Housing Institute (MHI) reports that there are more than 43,000 manufactured home communities in the U.S., which encompass some 4.3 million homes.

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USDA’s rural manufactured housing rule has gone into effect

Housing Wire

The new rule also reduces regulatory burdens related to manufactured housing requirements and provides flexibilities for energy efficient manufactured and modular homes located in land lease communities operating on a non-profit basis, RHS added. The rule went into effect on Monday, May 5.

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Dreaming of Buying a Lake House? Everything to Know Before Diving In

Redfin

Waterfront land leases You may own the house, but it could be on leased land owned by the government or other agency. Buying a house on a lake means taking over whatever lease the land owner has put in place. You may have to account for price inflations if the lease ends while you own the house.

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Just Listed | 4800 SE Federal Highway #17

Luxury Real Estate Blog

Natalie Estates is a Co-Op community - no land lease! STUNNING IN STUART 2 Beds | 2 Baths Welcome to this charming, partially furnished 2-bedroom, 2-bath home in the vibrant 55+ community of Natalie Estates! This is a great opportunity to add your personal touch and create your dream home or winter get-away.

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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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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.