Boosting Affordable Housing Supply

In a significant move aimed at bolstering the availability of manufactured housing, the Federal Housing Administration (FHA) has announced updated loan limits for its Title I Manufactured Home Loan Program. These new limits, calculated using innovative methodologies, are poised to invigorate the market for affordable housing across the nation.

The Background

Weeks following the unveiling of initiatives designed to enhance the manufactured housing supply, a press release from the Department of Housing and Urban Development (HUD) heralds the FHA’s adjustments to loan limits for manufactured homes. Federal Housing Commissioner Julia R. Gordon emphasizes the importance of this update, stating that it is a crucial step in ensuring the efficacy of the Title I Manufactured Home Loan Program.

Supporting Affordable Housing

HUD Secretary Marcia L. Fudge underscores the administration’s commitment to making affordable housing accessible to all Americans. She views this announcement as a positive stride toward facilitating the purchase of manufactured homes—a vital solution in the face of the ongoing affordable housing crisis.

Key Updates

The revised loan limits, effective for FHA case numbers assigned on or after March 29, 2024, reflect the current market landscape. These increases are expected to encourage greater participation from lenders, thus expanding financing options for homebuyers interested in manufactured homes. Notably, this marks the first adjustment to the Title I program’s loan limits since 2008, aligning with the administration’s goal of promoting manufactured homes as a viable housing solution.

The Loan Limits

  • Combination Loan (Single-section): $148,909

  •  Combination Loan (Multi-section): $237,096


  • Manufactured Home Loan (Single-section): $105,532

  •  Manufactured Home Loan (Multi-section): $193,719

  • Manufactured Home Lot Loan: $43,377

Continued Support

HUD remains steadfast in its efforts to bolster the affordability and sustainability of manufactured housing. The recent announcement of the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, offering $225 million in grants for the preservation and revitalization of manufactured housing, further underscores the commitment to this cause.

With these updates, the FHA reaffirms its dedication to providing accessible financing options for manufactured housing. By recalculating loan limits annually to reflect evolving market conditions, the administration aims to ensure continued support for homebuyers and communities across the nation.


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