The Virginia Nonprofit Housing Coalition released a new report, called Understanding the Myths and Realities of Manufactured Housing. This report explores the challenges and benefits of this type of housing. The report finds that some types of manufactured housing offer significant affordability benefits to lower income households and points to the improved quality of this type of housing that was manufactured after 1976.
- Manufactured housing (especially smaller “single wide” designs) offer clear affordability benefits well beyond site-built housing and are among the most affordable homeownership options for lower income households. Manufactured housing accounts for 43% of all homes under $150,000.
- Post-1976, manufactured housing has been required to meet stringent federal quality and safety standards that are set by HUD. This has resulted in a dramatic improvement in quality, durability, and safety, as well as energy efficiency.
- When well-sited and maintained, research shows that this type of housing does retain its value and does not affect property values in neighboring communities.
Read the full report here.