MHI’s Lesli Gooch has written an excellent piece inÂ Roll CallÂ on the need for modest reforms that will benefit manufactured housing consumers.
Here is a part of her on-point assessment:
While the lawâ€™s intent was to protect consumers, it is currently forcing many credit-worthy families to opt for less optimal housing alternatives and pay higher housing costs. Current manufactured home owners are losing equity as home values drop because potential buyers canâ€™t get financing. In the midst of a national affordable housing crisis, it is unconscionable that federal rules are limiting access to credit for affordable, quality housing.
You should click through to read the rest of this great summation of the case for Dodd-Frank reform.