Due to the difficulty being experienced in the areas of consumer and floor plan financing, MHI has revamped this section of its Web site to provide vital resources and information regarding finance into one, easy-to-navigate area.

The lack of floorplan lending/inventory financing for retailers and builders is having a severe effect on the viability of industry home sales centers. In response to this crisis, MHI has pursued several courses of action to assist retailers in dealing with the shortage of floor plan/inventory financing. An audio conference was held on January 21 and a CD-ROM recording of that event which includes handout materials is available for purchase. In addition, MHI has created a PowerPoint presentation retailers can use when meeting with their local bank to educate them about manufactured and modular housing. The Small Business Administration (SBA) has launched a pilot program beginning on July 1, 2009 that has made manufactured housing eligible for the SBA 7(a) lending program. SBA loan documents can be found in this section of the Web site.

Information on Rural Housing Service Section 502 loan and guarantee programs have been added to the site as well as information on FHA Title I and Title II loans. Information on the First Time Homebuyer Tax credit and how it can be monetized to provide down payment assistance is available as well. Other resources and newsworthy items will be posted as they become available