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Home > News Item > HUD Announces Post Disaster Assistance for Hurricane Recovery

HUD Announces Post Disaster Assistance for Hurricane Recovery

October 15th, 2018

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Save for the first word, what follows below could be a mission statement for the manufactured housing industry.

 

HUD’s mission is to create strong,
sustainable, inclusive communities and
quality affordable homes for all
.”

 

Those mission statement words are a routine part of press releases from the Department of Housing and Urban Development (HUD) to the Daily Business News on MHProNews.

They ought to serve as a reminder that manufactured housing professionals also need their own mission statement.

 

Tragedy Brings Opportunities for Motivated Manufactured Housing Industry Professionals

The HUD release below is followed by additional information from MHProNews that reflects what should be obvious.

While the storm is tragic, and the deaths, injuries and harm done is lamentable, rebuilding now awaits.  The recovery opportunities could include manufactured and modular housing.  This is something that forward thinkers, prepared to navigate the loops and hoops, could profit handsomely from, while serving others in need.

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Click here or on the graphic above to learn more, which is not connected to this report.

But you can’t skim this information.  For example, the last link from HUD is part of the key.

On our 9th anniversary of industry-leading trade publishing, it is worth noting that no one else in manufactured housing trade media shares more content from third-party sources than MHProNews.

No one else even comes close.

The Daily Business News curates third party content to ensure that it’s pertinent to manufactured housing industry professionals, researchers, and investors. Perhaps these are among the reasons that MHProNews is the runaway number one read trade media in the industry’s modern history.

Before getting to the HUD Press release, our initial report on the aftermath of Hurricane Michael is linked below.

 

Manufactured Homes, Conventional Construction, Hurricane Michael-Reports, Videos, Lessons Being Learned

 

The release from HUD is found below, the “guts” of it published in full.

HUDGovPressNewsMediaDailyBusinessNewsMHPronEws

 

HUD ANNOUNCES DISASTER ASSISTANCE FOR FLORIDA STORM VICTIMS

Foreclosure protection offered to displaced families

WASHINGTON – U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Michael.

Yesterday, President Trump issued a major disaster declaration for Bay, Franklin, Gulf, Taylor, and Wakulla counties.

The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in this county.  HUD is:

 

  • Providing immediate foreclosure relief– HUD’s automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages commenced for the Florida counties covered under yesterday’s Presidential declaration on the date of the declaration. For assistance, call your loan servicer or FHA’s Resource Center at 1-800-304-9320.

 

  • Making mortgage insurance available – HUD’s Section 203(h) program provides FHA insurance to disaster victims whose homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs;

 

  • Making insurance available for both mortgages and home rehabilitation– HUD’s Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home;

 

  • Information on housing providers and HUD programs – The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties. This includes Public Housing Agencies and Multi-Family owners. The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers.

Read about these and other HUD programs designed to assist disaster victims.

 

###

 

 

Note that the video above was not part of their release, but is an example of one of several ways that the Trump Administration is retooling federal agencies to speed recovery, in a business-like fashion. A related report to a disaster recovery related litigation involving manufactured housing and a gentleman named Nathan Smith is linked in the related reports, further below.  Note that HUD Secretary Ben Carson promised a new ear of cooperation with manufactured housing.

That Nathan Smith article that follows below reveals a this program has been used previously to create a new subdivision using manufactured housing.  Is there any reason why HUD under Carson’s leadership won’t do the same today?

On the eve of the start of our 10th year serving the factory-built housing industry, we thank our readers, clients and sponsors for their time, treasure, talent and support. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports:

City Sued Nathan Smith, 16th Street, for Breach of Contract

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”


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