Give credit where it is due.
CFED/Prosperity Now has done important research for years. In many cases their research promotes manufactured homes as an important part of the solution to the affordable housing crisis.
Granted, CFED – which rebranded as Prosperity Now last year – sticks its finger in the eye of some manufactured home lenders, and some manufactured home community operators. That will be evident in the top ten seen below.
But should the baby be thrown out with the bathwater? Where is “the industry’s” engagement with Prosperity Now, to come to terms with Prosperity Now on those problematic areas? That’s another topic, for another time.
On this Flashback Friday report, the graphic shown is a reformatting of their Top Ten Truths about Manufactured Homes.
One more point that seems to have escaped the notice of too many in manufactured housing, is that CFED led-the-charge over 4 years ago, on the point that manufactured home loans have proven to be sustainable. In their research, they pointed to a $1.7 billion dollar loan portfolio that they said performed as well or better than conventional home loans.
The Daily Business News plans another look at related topics in the near term. “We Provide, You Decide.” © ## (News, analysis and commentary.)
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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.