Manufactured Home Parks (207)
This is a program that helps provide federal mortgage insurance to finance the construction or rehabilitation of manufactured home parks.
HUD will insure mortgages that are made by private lenders to help finance the construction or rehabilitation of manufactured home parks, that consist of 5 or more spaces. HUD must approve were the park is located and it must be in a area in which the market conditions show a need for such housing.
The eligibility for this program is open to Investors, developers, builders,and cooperatives, and others that meet HUD’s requirements. If eligible you may apply to a FHA approved lender after conferring with a local HUD office.