Organizations examine the benefits of manufactured homes for home buyers and communities
FOR IMMEDIATE RELEASE
Contact: Grant Beck, Marketing and Communications Manager
Phone: (202) 851-7550
LOUISVILLE, KY – September 6, 2018 – Today, Next Step Network and Clayton released a new white paper – Shedding the Stigma: The Value of Manufactured Homes – that highlights the benefits of leveraging expanded use of manufactured homes for home buyers and communities. The paper addresses the common stigma associated with manufactured homes, and impact of more readily available affordable, sustainable housing in communities.
“Manufactured housing is too often overlooked as a way to help address the increasing cost of homeownership for hardworking individuals and families,” said Stacey Epperson, president and founder of Next Step and co-author of the paper. “We hope local leaders, housing and community advocates can overcome the stigma and recognize the positive impact manufactured homes can generate for cities and neighborhoods.”
The white paper focuses on some of the key aspects of manufactured homes that make them an attractive housing option for homeowners and communities at large. As communities across the country face shortages of affordable housing options, manufactured housing offers an energy-efficient solution that is both less expensive for housing developers and individuals home buyers. Increased affordable homeownership opportunities allows for families to provide housing stability for their children and build and keep wealth.
- In the US, only 35 affordable homes are available for every 100 extremely low-income renter households.
- More than two million housing units occupied by families with children were deficient in some way, including 24 percent with severe deficiencies.
- Manufactured homes made up nearly 10 percent of all new single-family homes purchased in the U.S. in 2017.
- In the U.S., manufactured homes account for about 80 percent of new homes costing less than $150,000.
- ENERGY STAR® manufactured homes can reduce a families’ monthly utility payment up to 30 percent.
About Next Step® Network, Inc.
Next Step® Network, Inc. is a national, nonprofit housing intermediary that works to promote expanded use of factory-built housing as a viable solution to address housing affordability. Our organization mobilizes a national network of mission-driven nonprofits, leaders in the manufactured housing industry and lending institutions serving home buyers and homeowners in their communities. Next Step’s system – Manufactured Housing Done Right® – connects responsible financing, comprehensive homebuyer education and delivery of high-quality, ENERGY STAR® manufactured homes at scale, creating a model that brings more value to the homeowners and communities. Learn more at www.nextstepus.org.