![]() ![]() The foundation applied and was approved for MOD financing in 2021, according to the release. Clair County, northern Macomb County and northeastern Oakland County. The Imlay City project was led by the Four County Community Foundation, an Almont-based nonprofit providing various services for villages and cities of southeastern Lapeer County, western St. Thus far, eight different manufacturers have been used as part of the program, according to Bach. A total of 12 modular projects have been completed and sold with an average sale price of $177,617.Įach community selects its modular home manufacturer. MSHDA's MOD program started as a pilot program in 2019, has helped finance more than $3.35 million in total investment - more than $2.1 million of that coming while still in pilot mode, according to MSHDA spokesperson Katie Bach. The overall goal with modular construction is to cut down on time and costs when compared with traditional forms of building. "The MOD program leverages technology and innovation to quickly meet the growing need of workforce housing to support local economic development and create equitable opportunities for Michiganders to live, work and raise families across the state." "As we work to mitigate the effects of the housing crisis, innovation is at the forefront of our approach to ensure everyone has access to safe, quality and affordable housing," Amy Hovey, executive director of MSHDA, said in a news release announcing the Imlay City project. Officials with the Michigan State Housing Development Authority, which administers the MOD financing program, say the initiative serves as yet another mechanism for the state to meet its affordable housing goals. The largely rural town in Lapeer County some 50 miles north of Detroit earlier this month tapped a state financing program to turn a vacant lot on the northwest edge of the city into the site of a new three-bedroom home that was assembled on site. Because a mobile home is considered personal property rather than real property, financing the purchase can be a little tricky.Imlay City has turned to modular housing to meet at least a small part of its workforce housing needs and as part of a state housing program. Financing is different from a traditional mortgage.If you buy a mobile home in a mobile home park, you will have to rent the lot that it’s on and pay lot rent, as well as adhere to park rules. ![]() Traditionally, mobile homes have been thought to go down in value, but this hasn’t necessarily been the case in recent years. But as it has helped us reach other goals, I’ve come to see it as the blessing that it is. For a long time, I wore mobile home living like a scarlet letter, not really hiding it, but not really mentioning it either. I realize now that there is no such thing as a “real” house - and owning a single-family home doesn’t make me a better or worse person. Will people think less of us? Is it really a home if it could be towed away? What will kids think when my son gets dropped off in front of our house? (Spoiler alert: I don’t think they care.) Am I really an adult when I don’t live in a “real” house? These are some of the questions that have crossed (or taken up permanent residence in) my mind over the years. ![]() If you buy land and want to build, or are in between moves, a mobile home can provide an affordable transition space. In Missoula, Montana - where I frequently look for real estate even though we’re not moving there - you can buy this mobile home for $250,000, or a traditional home with less square footage for $415,000.
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