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14 March 2024 | 2 replies
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.
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15 March 2024 | 4 replies
Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.
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15 March 2024 | 167 replies
These are all on the Missouri side, not the Kansas side.Keep in mind, this is a general overview meant to help guide those who are not familiar with Kansas City.
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14 March 2024 | 13 replies
I think it comes to your own comfort level and what gives you the most peace of mind.
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15 March 2024 | 13 replies
Places that immediately come to mind are Leavenworth, Port Townsend, and Port Angeles, etc., but I was wondering if anyone knows of some good areas to invest that are perhaps less obvious.I'm not asking just because I don't want to put in the effort.
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14 March 2024 | 8 replies
Real estate investment involves perseverance, hard work, and careful preparation, but with the appropriate approach and frame of mind, you may gradually accumulate money and reach your financial objectives.
14 March 2024 | 3 replies
There are only 2 active listings (both duplexes) and one under contract that’s a quad.
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14 March 2024 | 5 replies
I am hung up on taking that leap until I make some connections with people that have done something similar.Currently active duty in the military and trying to set myself and my family up in the next 5 years so when I get out I can be a full time real estate investor.
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15 March 2024 | 31 replies
Keep in mind that much of the Ohio chatter is written by Ohio real estate agents….