| Title: | HUD Proposes Changes to FHA Insurance for Manufactured Housing |
| Source: | HUD |
| Date: | 9/16/2008 |
Summary:
This proposed rule would amend HUD’s regulations governing manufactured homes that are to be the security for Federal Housing
Administration (FHA) Title I loans and Title II insured mortgages. The proposed rule would permit, as eligible for FHA insurance,
mortgages on manufactured homes to be installed in accordance with the Model Installation Standards, which were the subject
of notice and rulemaking that resulted in a final rule published on October 19, 2007. Acceptance of mortgages on these manufactured
homes for FHA insurance will provide for greater flexibility of design, thereby permitting additional options for affordable
housing. This proposed rule would apply to all newly installed manufactured homes that are to be security for Title I and
Title II loans and any manufactured home that has been previously set up and erected at another location and that is to be
security for a Title I loan. An existing manufactured home that secures a Title I loan and that has been installed or erected
on a homesite in compliance with the manufacturer’s requirements for anchoring, support, stability, and maintenance would
be exempt from compliance with this proposed rule, unless it is relocated from the site of its original installation after
the effective date of this proposed rule.
Comment Due Date: November 14, 2008.
See Related Documents to view the Federal Register Notice.