Tom Feeney: “Manufactured housing, as has been said, plays a vital role in meeting the needs of families to get affordable…”

“Manufactured housing, as has been said, plays a vital role in meeting the needs of families to get affordable, attractive and safe housing throughout our country. There are some 18 million Americans that live in manufactured housing in America. And as the gentleman from Indiana just said, the quality and the attractions just get better every day. It is an important source of quality affordable housing, and it helps new entry-level buyers as well as retirees trying to downsize on both ends of the housing spectrum, whether getting in for the first time or they're living perhaps in the last home that they will own. It is a responsible means of homeownership that can play a major role in the solution to America's affordable housing problem. The average price of today's manufactured housing hovers somewhere around $48,000, and in a challenging mortgage market where fewer and fewer people have access to credit, this is one way to solve the problem that many homeowners have. Manufactured housing is an important component of the solution for affordability and access to the American Dream for every American.”