Lisa Davis, The Ford Foundation

Ford Foundation
Transforming Secondary Education
Introduction to Preservation of Manufactured Housing

Why is manufactured housing important to affordable housing preservation?
Largest source of unsubsidized affordable housing
Serves some of lowest income households and seniors
Various structural barriers to asset building
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Structural barriers to preservation and asset building
Sector evolved ownership and lending patterns from car industry;
Land ownership beneath parks essential to stability;
Variable quality and pricing of homes.
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Policy and legal reform
Product and delivery channel improvements
Resident ownership
Financing
Transforming the Manufactured Housing Sector:Market driven and scalable
Add a chapter heading here
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The I’M HOME strategy
Foster site control for “owners” in investor owned parks—MHP conversions
Develop effective replacement strategies for older pre-HUD code homes
Develop high quality lending for purchase, resale, and home improvement
Establish better state level policies
Find creative uses of MH and drive the industry to respond with the products

IM HOME Policy Agenda
Preserve and expand the nation’s stock of affordable housing through the use of manufactured housing.
Promote resident ownership of manufactured housing communities to support homeowners’ ability to build wealth, increase stability and achieve financial security through homeownership.
Ensure that all homeowners enjoy the same rights, privileges, opportunities and responsibilities related to financing and asset accumulation, regardless of whether their home is site-built or manufactured.
Foster and preserve healthy and vibrant communities by addressing substandard manufactured housing and substandard park infrastructure.
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Accomplishments to date
92 park conversions, 11 CTAP’s
Policy and legal reforms in 30 states
37 IM HOME Affiliates
Successful lending pilots
“Cash for clunkers”
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Lisa Davis, The Ford Foundation

by National Housing Conference & the Center for Housing Policy on May 21, 2010

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Lisa Davis, The Ford Foundation — Presentation Transcript