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With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. That’s why I find it interesting.
But while FHA, Fannie and Freddie combined are responsible for over two-thirds of all new home loans nationwide, they financed only three (FHA) personal property manufactured homes last year. Congress can help. This program has been successful.
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