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Posts Tagged ‘rural development’

Program to Help Residents Replace Aging Factory-built Homes

August 21st, 2013 Comments off

According to the Curry County Assessor in Oregon, 25 to 30 percent of all the housing stock in the county is manufactured housing (MH), and roughly half of those were built before 1980. While the Housing and Urban Development—HUD Code–standards took effect in 1976, minimum regulations that initially covered MH were hardly sufficient to make the homes last three decades, especially in an area like Curry that gets a lot of moisture. Rotting floors, extensive mold and poorly insulated homes create health risks for the occupants, according to the local health department. The Environmental and Energy Study Institute reports manufactured homes built before 1980 use 53 percent more energy than other types of homes. In July, the county forged a partnership with non-profit NeighborWorks Umpqua to begin an initiative called reHome Oregon, with the goal of replacing 25 aged MH with new, Energy Star models. The collaboration will use grant funds to remove and demolish the old units, and will seek discounted home prices and transport costs from manufactured home producers, as earthfix.opb.org informs MHProNews. Finally, reHome Oregon aims to help residents purchase the new homes through the U. S. Department of Rural Development Housing Program and the Network for Affordable Housing.

(Photo credit: Liberty Homes)

USDA Loans Include HUD and MOD

January 31st, 2013 Comments off

TotalMortgage informs MHProNews if you live in a rural area and meet the income qualifications you may be eligible for a USDA Home Loan, with no down payment, 100% financing including closing costs, government guaranteed and competitive rates. Part of the US Dept. of Agriculture’s Rural Development Single Family Housing Loan Guarantee Program, income eligibility is capped at 115% of the area’s median income. All loans are 30-year fixed, and types of construction included modular homes and new manufactured homes. The article notes this program hit bottom two years ago when an audit uncovered over $4 billion in ineligible housing loans, but that situation has been cleaned up. In addition, approval may be granted in as little as 15-30 days.

(Image credit: mortgageorb)

USDA Offering Refinancing to Homeowners

June 12th, 2012 Comments off

ModularHomeCoach reports the United States Department of Agriculture (USDA) has instituted a program through its Rural Development Housing division to lower interest rates and monthly payments for thousands of borrowers who have loans made or backed by the USDA. The pilot program, designed to improve the housing market, is being tested in 19 states stretching from Rhode Island to California to the Midwest and on to Georgia and North Carolina. Tammye Trevino, USDA administrator says, “USDA will work with industry stakeholders, citizens and other federal officials to build upon the administration’s goals to help responsible homeowners refinance loans stay in their homes and shore up the nation’s housing market.” MHProNews.com notes the article expresses hope the program is not just another government drain that takes money away from new home construction.

(Photo credit: ModularHomeCoach/USDA Administrator Tammye Trevino)

Prefabricated Homes Building in Africa

March 16th, 2012 Comments off

From AllAfrica, MHProNews.com learns the housing shortage in Namibia will be met in part by Nami Prefabricated Housing cc, a Chinese company that will produce 18 two-bedroom homes daily. Nami is 70 percent complete with establishing its five distinct manufacturing facilities that will make the panelised homes which in turn will employ many Namibians. The Hon. Jerry Ekandjo, Minister of Regional and Local Government, Housing and Rural Development, in speaking to Nami’s director Gu Di, says, “ Your business will surely help reduce the house burden on the shoulders of the Namibian government and help those low and middle income residents out of their shacks or squatter camps, which is a great contribution to Namibian socio-economic development.” Written by Professor Ganfu Yang, the opinion piece lauds Chinese enterprise for contributions to improving the lot of Namibians.

(Graphic credit: BingImages)