Mortgage Insurance Combination and Manufactured Home Lot Loans
Active
- Assistance listing
- 14.162
- Agency
-
Assistant Secretary for Housing Federal Housing Commissioner
Department of Housing and Urban Development
- Grant awards
- 11 $6,898,812 in federal obligations
Program facts
- Also known as
- Mortgage Insurance- Land and Manufactured Home or MH lot-(Title I)
- Assistance type
-
- Project Grant
- Treasury account
-
- 86-4077-0-3-371
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Housing and Urban Development Assistant Secretary for Housing Federal Housing Commissioner funds mortgage insurance and manufactured home financing through CFDA 14.162, with the most recent grant award dated May 15, 2018—over eight years ago.
Program activity has stalled. Eleven Project Grants totaling $6.9 million in federal dollars obligated were disbursed between 2012 and 2018, with an average of approximately 2.75 awards per year during that four-year window. No grant awards have been posted since May 2018. The program's original scope targets financing for the purchase of a manufactured home and lot, insuring HUD-approved lending institutions for loans to qualified borrowers; all legal residents are eligible. Loan terms reach up to 25 years for a manufactured home and lot combination, 20 years for a home and lot, and 15 years for a lot only. Individual applicants and families participate directly with FHA-approved lenders, which handle underwriting and loan approval under HUD regulations.
All eleven awards in the portfolio were Project Grants, and all were funded by HUD. Recent awards, however, document a divergence from the original program intent: the most recent three grants, awarded in May 2018, funded housing counseling assistance, obligating $52,359, $39,129, and $27,366 respectively. Earlier awards from 2012 through 2014 also targeted housing counseling, with individual awards ranging from $568,213 to $1.2 million.
No active grant opportunities are currently posted for this program. The eight-year gap between the most recent award and today, combined with the absence of any recent solicitation notices, indicates this program is not actively accepting applications. Organizations pursuing manufactured home financing or housing counseling should verify current program status directly with HUD before investing business development resources.
Objective and description
- Objective
To make possible reasonable financing for the purchase of a manufactured home and/or a lot on which to place the home.
- Description
Insures HUD approved lending institutions for loans made to purchase a Manufactured Home and Lot, or a lot intended for the placement of a Manufactured Home.
Eligibility
- Applicant eligibility
All legal residents are eligible to apply.
- Beneficiary eligibility
Individuals/families.
- Uses of assistance
HUD insures lenders against loss on mortgages. Insured mortgages may be used to purchase manufactured homes and lots for buyers intending to use them as their principal places of residence. The maximum mortgage amount is $92,904 for a manufactured home and a suitably developed lot and $23,226 for a developed lot only. The lot must be appraised by the HUD-approved appraiser.
- Length and time phasing of assistance
The maximum loan term is 20 years plus 32 days for a manufactured home and lot; 25 years plus 32 days for a manufactured home and lot combination; and 15 years for a lot only.
How to apply
- Preapplication coordination
Lenders participating in the program must be approved by FHA.
- Award procedure
Approval or denial of the application is made by the HUD approved lender.
- Appeals
The applicant may reapply with the same lender or another HUD approved lender.
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Housing counseling assistance program | Rural Community Assistance Corporation | $27,366 | |
| Housing counseling assistance program | Neighborhood Reinvestment Corporation | $52,359 | |
| Housing counseling assistance program | Rural Community Assistance Corporation | $39,129 | |
| Housing counseling | Neighborhood Reinvestment Corporation | $945,733 | |
| Housing counseling | Unidosus | $621,837 | |
| Housing counseling | National Community Reinvestment Coalition, Inc. | $655,428 | |
| Housing counseling | National Community Reinvestment Coalition, Inc. | $903,955 | |
| Housing counseling | Neighborhood Reinvestment Corporation | $1,096,045 | |
| Housing counseling | Unidosus | $757,618 | |
| Housing counseling | Neighborhood Reinvestment Corporation | $1,231,129 |
Latest 10 of 11 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Neighborhood Reinvestment Corporation | $3,325,266 | 48% |
| 2 | National Community Reinvestment Coalition, Inc. | $2,127,596 | 31% |
| 3 | Unidosus | $1,379,455 | 20% |
| 4 | Rural Community Assistance Corporation | $66,495 | 1% |
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2018 | $118,854 |
| FY2017 | $439,000 |
| FY2016 | $2,211,346 |
| FY2014 | $2,222,998 |
| FY2013 | $2,000,000 |
| FY2012 | $2,556,960 |
Quick answers
What is Assistance Listing 14.162?
Assistance Listing 14.162 is Mortgage Insurance Combination and Manufactured Home Lot Loans, a federal grant program run by Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
What is the CFDA number for Mortgage Insurance Combination and Manufactured Home Lot Loans?
Its CFDA number is 14.162: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 14.162 awarded?
11 grant awards under 14.162 have obligated $6,898,812 in federal funds to 4 recipients.
Who receives the most funding from 14.162?
The recipients obligated the most under Mortgage Insurance Combination and Manufactured Home Lot Loans are Neighborhood Reinvestment Corporation ($3,325,266), National Community Reinvestment Coalition, Inc. ($2,127,596) and Unidosus ($1,379,455).
On GovTribe
See this program's full record
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