Here are some of my thoughts: continued pushing for programs to allow the owners of the homes the ability to buy their communities. This rarely ever happens but provides additional barriers. Instead of implementing a first right of refusal, there should be an option to buy their homes from them at a fair market value/paying to move their homes elsewhere or give them the first right.

This is the real issue, we are not protecting tenants by solely giving them the first right of purchase. In most scenarios, they will not be able to purchase and then they face eviction. I read something that said only a single co-op through one of the largest nationwide non-profits facilitating them happened in 2023.

We need to have real solutions that protect property rights while creating safeguards for community residents.

My second biggest issue is that we are not putting in place a policy that is aggressive enough to create new communities. Historically, we have built these communities on the outskirts of towns typically in the County. That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.

If we want to tackle our housing shortage we need to get serious about it.

Here is a quick summary of the HUD changes

HUD Actions for Manufactured Homes and Communities:
- HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.
- These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.
- Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.
Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:
- HUD launches the PRICE Program, a $225 million competitive grant opportunity.
- The program aims to preserve and revitalize manufactured housing and communities.
- Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.
- Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.
FHA Draft Policy for Manufactured Home Communities:
- FHA posts a draft policy to solicit public feedback.
- The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.
- Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.
Updates to FHA's Title I Manufactured Home Loan Program:
- HUD announces updates to FHA's Title I Manufactured Home Loan Program.
- New methodologies for calculating loan limits to align with current market pricing.
- Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.
Annual Recalculation of Title I Loan Program Limits:
- FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.
- This ensures that the loan limits remain aligned with market conditions.
Ginnie Mae's Title I Loan Securitization Program:
- Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.
- Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.
HUD's Ongoing Support for Manufactured Housing:
- These actions build on HUD's continuous efforts to support manufactured housing.
- Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.
Recent Updates to CDBG Notice:
- HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.