We're facing a housing affordability crisis that affects around 40 million U.S. households. And that number is expected to grow. We welcome the opportunity to lead the industry in developing innovative solutions for rural housing, manufactured housing, and the preservation of affordable housing that will benefit the nation for generations to come.
68% of U.S. counties are considered rural.
In rural communities – and neighborhoods across the nation – our 3 percent down Home Possible® mortgage helps position qualified first-time homebuyers and low-to-moderate-income homebuyers for successful homeownership.
We’re working to create meaningful rural housing opportunities for more households:
Improve options for financing renovations
Collaborate with USDA to support housing for
Re-engage in the Low-Income Housing Tax Credit equity market
61% of all manufactured home communities are in 10 states.
We’re expanding financing for manufactured homes:
Buy loans on homes titled as real or personal property
Support communities with tenant protections
Support resident-owned communities
We’re focusing on preserving affordable housing to foster strong, stable communities:
Buy more loans tied to affordable housing preservation programs designed to help keep housing costs and rents affordable
Promote energy-efficiency property upgrades
Set industry standards and minimize operational burdens to help lenders support the market further