One Year In: Update on the Implementation of Duty to Serve
One Year In: Duty to Serve • Alanna McCargo, Urban Institute • Chip Clements, Forcht Bank • Ben Navarro, Fannie Mae • Michael Sloss, ROC- USA • Dennis Smith, Freddie Mac
Overview of Duty To Serve Targeted markets: • Manufactured homes titled as real property • Manufactured homes titled as personal property (chattel loans) • Manufactured housing communities owned by government, nonprofits, or residents • Manufactured housing communities with specified minimum tenant pad lease protections Program examples: • New mortgage products • Chattel pilots • Liquidity for sustainable preservation of mission-driven communities
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