The proposed rule aims to expand the available stock of affordable housing options.
In an effort to expand the available stock of affordable housing options, the U.S. Department of Housing & Urban Development (HUD) issued a proposed rule to revise the federal Manufactured Home Construction and Safety Standards to expedite construction and update safety requirements for carbon monoxide detectors.
HUD has recommended updates to code provisions and allow for more optimal use of manufactured housing in urban areas, including Opportunity Zones. This includes additional requirements for the installation of carbon monoxide alarms or detectors and additional provisions for homes designed for structures attached at the site, including garages and carports. Separately, HUD issued a final rule on formaldehyde emissions for manufactured homes that the Department said was in better alignment with regulations from other federal guidelines.
“The nation’s affordable housing crisis can’t be solved by one measure alone, but today we’re proposing changes that remove more of the red tape that stands between the production of safe, quality homes, and the nation’s families and individuals that need these homes to make homeownership a reality,” said HUD Secretary Ben Carson. “This proposal is a strong example of how we believe we can both reduce regulation and improve safety and security for the nation’s homebuyers. Thank you to the entire Clayton Homes team for facilitating an informative discussion on the new building technologies and materials used in manufactured housing today.”
Yvette Clermont Wants To See Future Generations Be Financially Prepared
This month I spoke with Yvette Clermont. She is a mortgage consultant with Inlanta Mortgage, in Sarasota, Florida.
When Yvette was a young woman she tried to obtain a mortgage loan. When she met with a lender she was dismissed as being too young and not ready to purchase a ...
Debts will no longer be treated as fiscal mismanagement like overdue car loans
In March of this year, the nationwide credit rating agencies (CRAs), better known as Experian, TransUnion and Equifax, announced a significant change to their score analysis model data. This announcement was regarding medical collections and their impact on the score.
Let’s...