Member Meeting - August 13, 2024

This monthly meet-up will be held remotely on TUESDAY, AUGUST 13, 2024 from 11:00 am - 12: 00 pm. Log-in information will be sent to everyone who registers on Monday, August 12th.

There will be TWO presentations at this meeting:

SONYMA Manufactured Home Loan Program (“MLP”) with Richard Abraham, Sun River Health

The Manufactured Home Loan Program is a brand-new loan product that the State of New York Mortgage Agency (SONYMA) is launching later this summer to help homebuyers purchase a manufactured home through a personal property loan, instead, of a traditional mortgage product. The benefits of this program include lower than market interest rate on the loans; down-payment assistance grants, and flexible underwriting terms that are designed to help achieve homeownership in the State. For community parks, being able to offer lower interest rate loans mean that you are able to find a long-term tenant who can keep up with monthly lot-rents and more. 

We will be discussing the opportunities this product will present in the manufactured home market and how it will advance homeownership throughout the State.

What do we want to be as an industry? with Steve Hoffman, Hoffman Homes & NYHA Board Secretary

Goals, Goals, Goals. What do we need to be doing to bring our product to the forefront?  Let's have a candid discussion about the future of the manufactured housing industry in NY.