by Soheyla Kovach
“The California Housing Finance Agency has released new guidelines for lending on manufactured homes that will increase access to housing for low- and moderate-income homebuyers who use a CalHFA mortgage insured by the Federal Housing Administration,” said a release to the Daily Business News (DBN) on MHProNews.
“New guidelines encourage safe, affordable loans for manufactured homes,” CalHFA the release stated.
“Manufactured homes play an important role in affordable housing for California,” said Tia Boatman Patterson, CalHFA’s Executive Director. “The more of these incremental steps we can take, the faster we’ll be on our way to addressing the housing shortage in our state.”
California is one of the top ten states for manufactured housing, per recent data reported on the DBN, linked here.
“The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home,” states their news media release.
“CalHFA’s Single Family Lending Division has invested more than $21 billion to help more than 163,000 families buy their first home with a mortgage they can afford. CalHFA is a self-supported state agency that doesn’t rely on taxpayer dollars.” ## (News, analysis.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.