In response to MHI’s ongoing advocacy efforts and our comment letter which stressed specific things that Fannie Mae and Freddie Mac should be doing to support manufactured housing, the Federal Housing Finance Agency (FHFA) has included exploring opportunities to “further increase manufactured housing” in its 2022-2026 Strategic Plan in order to “facilitate greater availability of affordable housing supply including affordable rental housing.” This action follows previous statements by FHFA Acting Director Sandra Thompson where she has continued to express her support for manufactured housing. Click here to read FHFA’s Strategic Plan and click here to read MHI’s letter.
Additionally, HUD has again recognized the importance of manufactured housing to help eliminate the racial homeownership gap. In its “Equity Housing Plan,” HUD includes efforts to ensure manufactured housing is a “thriving source of affordable, quality, durable, and safe housing for Americans” by implementing up-to-date Manufactured Housing Construction and Safety Standards and expanding access to manufactured housing by updating the FHA Title I program. This action follows the release of HUD’s 2022-2026 Strategic Plan which included “employing all resources at its disposal to bolster the national housing supply” including supporting the production of manufactured housing and ensuring that “manufactured and other factory-built housing types are a thriving source of affordable, quality, durable, and safe housing” by updating the HUD Code. Click here to learn more.