Non-Traditional Ownership

Our goal in supporting non-traditional ownership is maintaining Manufactured Housing Communities as an affordable source of housing for Americans throughout the U.S.

Why is Fannie Mae supporting non-traditional ownership of MHCs?

As part of our Duty to Serve plan, Fannie Mae developed a pricing incentive to assist in the acquisition of Manufactured Housing Communities (MHCs) by non-traditional owners, such as non-profit entities, and help develop new MHCs, preserve the affordability of existing communities, and provide funds to make improvements. Typically, these non-profit organizations can purchase an MHC through grants provided by city, county, and state governments, combined with low interest private loans. Our goal in supporting non-traditional ownership is maintaining Manufactured Housing Communities as an affordable source of housing for Americans throughout the U.S.

For more information, contact:

• Michael Keeney, Senior Director, Credit Underwriting, at [email protected]; or
• William Stoker, Lead Associate, Duty to Serve, at [email protected].