Category Archives: Affordable Housing

Legislative Update

Language to Preserve Lending for Manufactured Housing Passes House Appropriations Committee

Legislative language that would preserve lending for manufactured homes cleared another important hurdle, passing the House Appropriations Committee.

In March, Rep. Rep. Andy Barr, R-Ky., along with 32 other members of the House, sent a letter to the appropriations committee imploring lawmakers to remove manufactured housing as a class from the increased protections designed by the Consumer Protection Finance Bureau.

“Since the CFPB’s Home Ownership and Equity Protection Act (‘high-cost’) rules consider costs as a percentage of a loan, smaller loans, like manufactured home loans, often violate points and fee caps,” the letter stated. “Because of the resulting high-cost designation, many lenders have stopped making manufactured housing loans. It is crucial that the definition of high-cost loans is modified so that manufactured housing loans are not unfairly swept under the high-cost designation simply due to their size.”

Census data shows that nearly 20 million people in the U.S. live in manufactured homes.

The bill, H.R. 1699 – “Preserving Access to Manufactured Housing”, resides in $20.2 billion Financial Services Appropriations bill that provides annual funding structure for the departments of Treasury and Judiciary, the IRS, the Small Business Administration, the Securities and Exchange Commission and other related agencies.

The language will need to pass the full House before moving to the Senate and White House before coming law.

In a prepared statement, the Manufactured Housing Institute offered its support of the efforts.

“The successful inclusion of the language demonstrates positive momentum and follows inclusion of the language in the Financial CHOICE Act, financial reform legislation that passed the House of Representatives earlier this month,” the statement read in part.

MHI is the national trade organization representing the factory-built housing industry.

Aspen Tiny Homes

The Sprout 30-foot model from the original Aspen Skiing Company contract. The company’s 34 new models on order will be 40 feet long.

Aspen Skiing Company Enters Contract for Employee Tiny Housing

Sprout Tiny Homes has entered a contract with Aspen Skiing Company to build 34 commercial-grade tiny homes to meet expanding need for affordable employee housing.

The contract brings the number of homes to 40 that will be deployed in ASC’s Basalt, Colo., location, and may send a message to the manufactured housing industry that new, niche markets are emerging.

The new homes will feature state of the art construction methods and climate control technology to meet the extreme weather conditions of the Aspen valley. Sprout homes feature chemical-free interiors and energy recovery ventilation to provide fresh air and a healthy living environment for residents.

Aspen Skiing Company previously contracted and collaborated with Sprout to design and provide six prototype homes to ensure it could meet the needs and requirements of employees and the region in which they work.

The new models buy naltrexone usa will house a minimum of three Aspen Skiing Company employees.

The new homes will be delivered with living room furniture, a pair of furnished sleeping lofts and a complete main level bedroom, window coverings, wall-mounted flat screen smart TV, full kitchen with dishwasher, 1¼ baths, fixed storage lockers, infrared radiant floor heat, and temperature control and fresh air systems.

The homes are move-in ready upon delivery and are connected to the local utilities.

“We delivered on our first contact with Aspen Skiing Company and are very pleased to be awarded what we believe is the largest single contract of tiny homes to date in the country,” Rod Stambaugh, owner of Sprout Tiny Homes.

Sprout, of La Junta, Colo., has opened a 45,000-square foot manufacturing facility in Pueblo, Colo., to assist in meeting the local demand.

“Having local affordable employee housing solutions in the valley is extremely important as we compete for employees and try to reduce our impact on the environment,” Philip Jeffreys, Director of Planning & Development for Aspen Skiing Company, said.