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Posts Tagged ‘revolving fund’

Modular Apartments Dedicated in Conn.

September 20th, 2012 Comments off

The news-times reports from Danbury, Connecticut a dozen new modular apartments built with high-efficiency insulation featuring Energy Star utilities and fixtures is a collaborative effort of the city, the state’s General Assembly, Connecticut’s Housing Development Fund, as well as the builders and three local banks. “The utility bills in these apartments will be 35 percent lower than others,” said builder Paul Scalzo of Westchester Modular. The $1.1 million project has six two-bedroom townhouses and six one-bedroom units. Of these, three meet the Americans for Disabilities Act (ADA) specifications, and four are affordable housing. MHProNews has learned the Housing Development Fund is a revolving fund to build affordable housing in the state.

(Photo credit: Excel Homes)

Bill Would Provide State Funding for MH

February 6th, 2012 Comments off

Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews.com HSB 593 would create a manufactured housing program fund to assist consumers with buying MH, especially if they are moving into land lease communities (LLC). Supported by Gov. Terry Branstad and leaders in the legislature, the bill authorizes the revolving fund to be created and administered by the Iowa Finance Authority. Upon passage of the bill, an appropriation will be needed from the legislature to initiate the fund. Joe Kelly says he is unaware of another program like this in the country.

(Graphic credit: Wikipedia)

 

Modulars Arrive for Habitat for Humanity

January 17th, 2012 Comments off

GreenValleyNews tells MHProNews 15 new modular homes courtesy of Habitat for Humanity have begun arriving in the greater Tuscon, Arizona, area, many still looking for owners. Applicants must be first-time buyers, and are chosen based on ability to pay, need, and willingness to invest 200 hours of sweat equity in their new home. The buyers must have a small deposit to put down on the three bedroom homes, and they receive an interest free 15-25 year loan. Their payments return to a revolving fund to build more homes. Habitat’s board of directors and staff supervise the Homeowner Selection Committee, comprised of community volunteers, one of whom lives with his two sons in a Habitat home. The homes are 50 percent completed by students at Sahuarita High School, just south of Tuscon, and then trucked to the site for installation. Buyers must complete home ownership and budget planning courses as part of the program.

(Photo credit: Ann Jones/Habitat for Humanity)