Housing bill increases loan limit for manufactured homes; could help Elkhart industry
Housing bill increases loan limit for manufactured homes; could help Elkhart industry Save Email Print
Posted: 11:38 PM Aug 5, 2008
 Last Updated: 12:42 AM Aug 6, 2008
0 comments
A | A | A

Congress has upped the ante for the manufactured housing industry, and that could be good news for the Elkhart County economy.

Congress passed a new housing bill that increases the limit on FHA loans for manufactured homes, from $49,000 to $70,000.

"To give you an idea, in 1992 there were over 30,000 FHA loans for manufactured housing, and this most recent year there were only 2,000, so that kind of disappeared," explains Congressman Joe Donnelly.

He hopes the bill will help kick-start Elkhart County's manufactured housing industry.
More Stories
Focus on Faith: Faith at the Fair!

Sundays with Steve: As American as apple pie!

Merrillville bridge collapse injures more than a dozen people

South Bend crews fight early morning fire and fog

 Three classic American rockers entertain Michiana at the Cove

Carmichael returns to RedBud; first-time winner crowned

North Liberty, LaPorte celebrate Fourth of July with parades

RedBud once again brings in big crowd to boost Buchanan economy
Post Your Comments
First Name:
Location:
Enter Comments: characters left
Email (optional):
By posting this comment I have read and agree to the Terms of Use and Privacy Policy:
You must agree to the Terms of Service to continue.

WNDU News Poll
There are currently no active polls at this time.
Click here to view other polls on our site and past poll results.
Most Popular Headlines