is an increasingly popular housing option.
To date, seven manufactured housing
cooperatives in Oregon have been established with the assistance of CASA of Oregon, a Certified Technical Assistance Provider under the ROC USA Network.
Under the tax code, manufactured housing
that is suitable for domestic, commercial, or industrial purposes is taxable real estate; the city assesses property taxes on the land to Green Meadows and on the housing units to the individual owners.
Shipments of manufactured housing
, which accounted for three-fifths of total prefabricated housing shipments in 2004, are projected to fall through 2009 to 120,000 units.
"We're going to have to build a lot of homes at a high level of volume, and our modular members are well positioned to help with that need," says Thayer Long, assistant vice president for industry relations of the Manufactured Housing
Institute, a trade group.
The 2002 revisions to Regulation C require lenders to collect and report data including loan pricing information (the rate spread between the annual percentage rate on the loan and the yield on Treasury securities of comparable maturity); whether the loan is subject to the Home Ownership and Equity Protection Act; whether manufactured housing
is involved; whether the loan is secured by a first or subordinate lien on the property; and certain information about requests for preapproval.
The asset class' positive performance is surprising in light of the reality that manufacturing and distribution segments of the HUD Code manufactured housing
industry are enduring their worst shipment slump in more than 40 years.
In 1998, Poe became Vice President and Controller for CWS Communities Trust, a private real estate investment group that owned, developed, and operated manufactured housing
The company blamed general over-supply of particleboard and current conditions in the manufactured housing
market for the decision.
"We believe that the investor group can bring substantial value to these assets, in particular, the manufactured housing
business." The assets consist primarily of a portfolio of home equity and manufactured housing
loan securities, as well as the associated servicing businesses.
As a preliminary matter to the issues being discussed, it is important to understand the definitions of and differences between conventional housing and manufactured housing
. Manufactured housing
is further subdivided into categories of mobile homes and manufactured buildings.
Lately, the war on manufactured housing
has been stepped up.