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On Friday, MHI advocated for the clear inclusion of for-profit manufactured home community owners in comments to the Department of Housing and Urban Development (HUD) on their draft of a Mortgagee Letter that would launch the Manufactured Home Community Program (MHC Program), to allow refinance and purchase transactions under Section 223(f) for eligible borrowers.

Additionally, MHI called on HUD to clarify that both rental-only and hybrid rental-ownership manufactured home communities are eligible for loans under the program. MHI will continue to advocate that government programs to support manufactured housing communities are available to all ownership types.

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Supreme Court Ruling Deals Blow to Bureaucratic Overreach

In a landmark decision on Friday, the Supreme Court overturned Chevron v Natural Resources Defense Council. Under Chevron, if a law granting a federal agency the power to enact regulations is later determined to be ambiguous, then courts would defer to the federal agency’s interpretation of the law when the federal agency’s regulations are reasonable. Thus, courts were required to defer to federal agencies when interpreting certain regulations.

Paula Reeves Appointed to New FHFA Advisory Committee

On Thursday, the Federal Housing Finance Agency (FHFA) announced the 20 inaugural members of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. Ensuring manufactured housing’s seat at the table and voice in the conversation is Paula Reeves, President of the Affordable Housing Division of Land Home Financial.