Manufactured Housing

In Appalachia, demand for manufactured homes is high and many customers find its fast delivery and low cost more attractive than traditional housing.   Unfortunately, many buyers encounter predatory dealers, unfair loans, and pressure, to choose financing on-the-spot through the dealership, even though the terms are far less favorable in the long-term. Unscrupulous dealers favor chattel loans, which carry a high interest rate and do not convert the home to real estate. While FAHE offers fair and affordable financing, many families are unaware of other financing options until after the transaction is completed. 

Members participating in the this intiative's pilot program, funded through CFED's I'M HOME program, are building a delivery system for nonprofits to delivery quality manufactured homes with scale potential.  This model uses a hub-and-spoke approach, where one Member, Frontier Housing, is a license-dealer selling homes through other Members to homebuyers.  These homes have been designed by Frontier Housing to maximize quality and appreciation potential.  When combined with a quality set and fair real estate financing, families are able to choose their housing solution without compromising the returns of homeownership. 

To learn more about FAHE's Manufactured Housing Performance Compact, please contact Tom Carew. 

FAHE's Manufactured Housing Performance Compact is sponsored by CFED's I'M HOME Initiative.  To learn more about CFED visit their website:  www.cfed.org.