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  • Comment Detail

  • Date: 09/14/21
    First Name: Gregory
    Last Name: Milligan
    Organization: People's Mortgage
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB12

  • Comment

    This idea comes across as a good concept however the additional costs of inspections on manufactured housing and the inability to split multiunit lending into individual units may nullify a lot of the intended benefits of lower cost housing on low income families having trouble saving.

    A lower mortgage payment is not important if the cost of the transaction itself is too high for many low income families.
    It also seems like a bandage on the wound of wall street investment firms purchasing entire residential neighborhoods above asking price to rent out.