Mobile Home Insurance
Mortgage Insurance-Manufactured Home Parks (14.127) Web federalgrantswire.com Find Federal Grants Back to Homepage Federal Grants Wire Site Directory Federal Grants by Applicant Type Federal Grants by Subject Area Federal Grants by Agency Federal Grants by Name Federal Grant Resources How to write a Proposal National Grants Conferences Information About Us Linking to Us Privacy Policy Federal Grants Search Mortgage Insurance-manufactured Home Parks (14.127) Mortgage Insurance-Manufactured Home Parks (14.127) Federal Agency HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Authorization National Housing Act, as amended, Section 207, Public Law 84-345, 12 U.S.C. 1713. Program Number 14.127 Last Known Status Active Objectives To make possible the financing of construction or rehabilitation of manufactured home parks. Types of Assistance Guaranteed/Insured Loans. Uses and Use Restrictions The Department's Federal Housing Administration (FHA) insures lenders against loss on mortgage defaults. Insured mortgages may be used to finance the construction or rehabilitation of manufactured home parks consisting of 5 or more spaces. The maximum mortgage limit is $11,250 per space. In areas where cost levels so require, limits may be increased up to 140 percent on a case-by-case basis. Contractors for new construction and substantial rehabilitation projects must comply with prevailing wage requirements under the Davis-Bacon Act. Eligibility Requirements Applicant Eligibility Eligible mortgagors include investors, builders, developers and others who meet HUD requirements for mortgagors. Beneficiary Eligibility Families, individuals, and elderly persons owning manufactured homes and desiring to lease spaces in a manufactured home park. Credentials/Documentation Documentation regarding the characteristics of the property and the qualifications of the mortgagor are submitted with the application. This program is excluded from coverage under OMB Circular No. A-87. Application and Award Process Preapplication Coordination The sponsor has an initial conference with the local HUD Multifamily Hub or Program Center to determine the preliminary feasibility of the project before a Site Appraisal and Market Analysis (SAMA) application (for new construction projects or feasibility application (for substantial rehabilitation projects) is submitted. This program is excluded from coverage under OMB Circular No. A-102. An environmental assessment is required for this program. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. Application Procedure The sponsor submits a site appraisal and market analysis (SAMA) for new construction projects or a feasibility application for substantial rehabilitation projects. Following HUD's issuance of a SAMA or feasibility letter, the sponsor submits a firm commitment application through a HUD-approved lender for processing. Considerations include market need, zoning, capabilities of the borrower, and availability of community resources. Applications are submitted to the local HUD Multifamily Hub Program Center which does multifamily processing. This program is excluded from coverage under OMB Circular No. A-110. Award Procedure The HUD Multifamily Hub or Program Center decides whether to approve or reject applications. Deadlines Deadlines are established on a case-by-case basis by the local HUD Multifamily Hub or Program Center. Range of Approval/Disapproval Time Appeals If an application for mortgage insurance is refused, HUD will state the reasons for the refusal. If reapplication is desired, the applicant may reapply subject to concurrence of the lender. Renewals The term of a commitment to insure may be extended when more time is required. Assistance Considerations Formula and Matching Requirements The maximum amount of the loan may not exceed 90 percent of the estimated value. The mortgage insurance premium is based on the mortgage amount. The application fee is $3 per $1,000. The HUD-inspection fee may not exceed $5 per $1,000 of the mortgage amount. Length and Time Phasing of Assistance The maximum mortgage term is 40 years, or not in excess of three-fourths of the remaining economic life, whichever is less. Post Assistance Requirements Reports Any change of the mortgagor during the period of mortgage insurance must be approved by HUD. Defaults in meeting the mortgage terms must be reported. All mortgagors are required to submit an annual financial statement to HUD. All approved mortgagees at any time upon request by HUD must furnish copies of their latest financial statements. Audits The Department of Housing and Urban Development reserves the right to audit the accounts of either the mortgagee or mortgagor to determine their compliance and conformance with HUD regulations and standards. Records Mortgagees are required to service and maintain records in accordance with acceptable mortgage practices of prudent lending institutions and the HUD regulations. Program Accomplishments In Fiscal Year 2002, HUD insured four mobile home parks with 571 units, totaling $13.2 million. Financial Information Account Identification 86-4077-0-3-371. Obligations (Mortgages insured) Reported under program 14.135. Range and Average of Financial Assistance Insured mortgages may be used to finance the construction or rehabilitation of manufactured home parks consisting of 5 or more spaces. The maximum mortgage limit is $11,250 per space. In areas where cost levels so require, limits may be increased up to 140 percent on a case-by-case basis. The maximum amount of the loan may not exceed 90 percent of the estimated value. Regulations, Guidelines and Literature Fact Sheet, Manufactured Home Parks; 24 CFR 207.33 et seq.; Mobile Home Parks Financing, no charge; Housing Surveys, Part II; HUD Handbook 4545.1, Mobile Home Park Program, no charge, available on HUDCLIPS at http://www.hudclips.org. Related Programs 14.110, Manufactured Home Loan Insurance_Financing Purchase of Manufactured Homes as Principal Residences of Borrowers; 64.119, Veterans Housing_Manufactured Home Loans. Information Contacts Regional or Local Office All projects are processed in Local HUD Multifamily Hubs or Program Centers. Persons are encouraged to communicate with the nearest HUD Multifamily Hub or Program Center listed at http://www.hud.gov/offices/hsg/mfh/mfbroch/hubs_pcs.cfm or in the Catalog Appendix IV. Headquarters Office Office of Multifamily Development, Department of Housing and Urban Development, 451 7th Street, S. W., Washington, DC 20410. Telephone: (202) 708-1142. Use the same number for FTS. Web Site Address http://www.hud.gov/offices/hsg/hsgmulti.cfm Examples of Funded Projects Not applicable. Criteria for Selecting Proposals Not applicable. About this page: This page features the following grant program: 14.127 Mortgage Insurance-Manufactured Home Parks This grant program is offered by: Office of Housing-federal Housing Commissioner , Department of Housing and Urban Development Related Office of Housing-federal Housing Commissioner Federal Grants Mortgage Insurance-nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Multifamily Assisted Housing Reform and Affordability Act Section 245 Graduated Payment Mortgage Program Mortgage Insurance-rental Housing Mortgage Insurance-homes for Disaster Victims Other Department of Housing and Urban Development Agencies Office of Community Planning and Development Office of Fair Housing and Equal Opportunity Office of Healthy Homes and Lead Hazard Control Office of Housing-federal Housing Commissioner Office of Policy Development and Research Office of Public and Indian Housing © 2006 Federal Grants Wire, All Rights Reserved. RV refrigerators and aRV Mobile, RV and Gas Refrigerators The Difference is Quality RV Refrigerator Specialists What We Do. Our main stock in trade is the rebuilding of ammonia absorption cooling units. An ammonia absorption cooling unit is the set of cooling coils in any refrigerator that uses heat (such as propane) to operate. Most RV refrigerators and a few house style refrigerators use ammonia systems. By extension, we also sell new and used RV refrigerators and free standing propane refrigerators. We can also provide most available parts for any model we deal with. As well as selling OEM parts, we have also developed and use a selection of third party parts that are usually less expensive and, we feel, are of equal or sometimes better quality than the original manufacturer's. What You Can Do. 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Cooling Unit Information How a Cooling Unit Works Diagnosing a Cooling Unit How To Change a Cooling Unit Rebuilding Process Five Year Smart Warranty Shopping Cooling Units Refrigerator Parts Miscellaneous Parts Dinosaur Circuit Boards New Dometic Refrigerators (local customers only) New Norcold Refrigerators (local customers only) New Cabin Refrigerators (local customers only) Used Refrigerators (local customers only) Your Shopping Cart Technical Help Safety Issues Standard Gas Controls Standard Electric Controls Dometic Manual Controls Electronic Controls Forum (Question and Answer) Technical Pages Index Search Technical Pages Technical Library Other Contact Information Dometic Web Site Norcold Web Site For technical questions, please use our Forum . For comments about the web site and non-technical questions, please contact tj@rvmobile.com . ©1996-2006 RV Mobile Inc. 11715 HWY 99, Everett, WA 98204 . Phone: (425) 355-1170 . 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