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Remembering Bruce Savage – A Tribute to the Industry Advocate, Colleague, Friend

Bruce Savage

Editor’s Note: Manufactured housing professionals this week learned the news that a valued member of the industry has passed away. Bruce Savage, industry communications professional, former MHI executive, is honored by Suzanne Felber, who was fortunate enough to call Mr. Savage a friend.


“[…]the only people for me are the mad ones, the ones who are mad to live, mad to talk, mad to be saved, desirous of everything at the same time, the ones who never yawn or say a commonplace thing, but burn, burn, burn like fabulous yellow roman candles exploding like spiders across the stars and in the middle you see the blue centerlight pop and everybody goes “Awww!”

-Jack Kerouac, On The Road

This Kerouac quote has always been one of my favorite, and it describes Bruce Savage perfectly. Bruce was one of those people where time stopped the moment you met him, and you never forgot that moment.

Homebuilding has always been part of my life, and I was very active in the National Association of HomeBuilders including being on some of their boards. When I attended the International Builders Show in the late 90’s Champion Homes had a two-story Genesis home complete with a garage that they had built on the show floor. I think that I visited at least four or five times during the show, and when I asked for more information about the industry, they directed me to a booth that the Manufactured Housing Institute had nearby. Kismet stepped in, and there was Bruce Savage manning the booth. As communications director for MHI he was exactly who I wanted to talk to, and he got me excited about the possibilities of factory-built housing. I knew right then and there this was the future of housing, and I wanted to be a part of it. Bruce said that I was welcome to come to DC anytime to learn more, and I was at his doorstep two weeks later.

We got to be friends as well as business associates, and one day I got a call from him about a home that was being donated to a veteran in Houston. MHI was involved, and Patriot Homes had donated the house. Their goal was to turn the home over to the family fully furnished. We helped pull together donations, and in the typical sweltering Texas heat, Heather French, who was at that time Miss America, Bruce, and a lot of other dignitaries, came to the home to turn the keys over to the family. My favorite memory was when Heather gave her crown to the girls to try on for size, and when they were all jumping on the bed they broke the box frame! It was an amazing opportunity for our industry, and by the end, Miss America, who was married to the Lt. Governor of Kentucky, was sold on factory-built housing and the lifestyle we could offer.

Bruce Savage, the Friend

Bruce asked me one year to speak at the MHI Congress and Expo. At that time Bruce was the only person I really knew in the industry, but I couldn’t wait to share what I knew about marketing and design and to learn from others attending. It was at Caesars Palace, and MHI took care of getting me a room. Imagine my surprise when I was given the keys to a suite, complete with dark flocked wallpaper, a Jacuzzi tub for 8-plus friends I didn’t have, and a smoked glass mirror above the bed!

Bruce had a wicked sense of humor, and we laughed about that story together many times.

After Hurricane Katrina, Bruce immediately started positioning our industry to be able to help get people quickly into affordable, well-built homes. The Gulf Coast Housing Initiative gave us the opportunity to show what we could do, and Bruce was right there behind the scenes, setting up national media and getting people inside our homes.

Bruce Savage tribute laughing
Bruce Savage works with media in the introduction of a new home. Photos courtesy of Lisa Stewart, Lisa Stewart Photography.

Bruce also was the publisher for MHI’s Modern Homes Magazine. It was the first publication in our industry that looked and read like a consumer publication. The articles were not only targeted to members of our industry, but to consumers as well, with beautiful photography of our homes. The message was always positive – something that Bruce insisted upon.

It’s hard to find photos of Bruce because he was a true professional. He knew his job was to give the limelight and photo opportunities to others, so the photos I have of him were mostly sneaky ones taken when he wasn’t looking. I feel so fortunate that he shared so much of his life with me that most people never knew about… It was almost like being there, hearing about his years living in New York, part of the art world and having serious conversations with Andy Warhol, David Hockney, Keith Haring, and others, as well as owning some of this art. Being backstage at concerts with the greats, and having carte blanche at the finest restaurants and entertainment venues everywhere he went was the life Bruce lived before moving to D.C. to work for MHI.

After I became the Lifestylist® for Patriot Homes, we got to spend more time on the road, and after his official duties for the day were over we would sneak away, and he would whisk me off to a tiny, hidden restaurant that maybe had five tables. Or the one year at Tunica he told me to get in the car and he just started driving. We ended up at a Rolling Stones concert with VIP passes, enjoyed the concert, and got back before the show opened the next day. No one knew – it was our special time.

Keeping the Passion

After Bruce “retired” to spend more time at the beach, we would talk a lot about the negativity that had crept into the inner circles of our industry, that was leaking out to consumers. We decided to be proactive, and started American Housing Advocates as a way for him to stay active in the industry, and for us to share the positive news about factory-built housing. There were so many good things happening, it didn’t make sense to focus on anything else.

The past year, Bruce has been living at a retirement community recuperating from falling down a flight of stairs at his beach house and breaking his hip, and many other bones. When he was at the hospital someone stole his phone that had all of his phone numbers in it, and his wedding ring. When I was finally able to find him we caught up, and as always we didn’t talk about how much pain he was in, he insisted on sharing stories about the ladies in the community who were trying to “court” him, and we chatted about new films that were coming out, and what art exhibits I had been to.

Bruce was so ahead of his time in how he approached the industry, and how he was able to make others understand that vision. The Urban Infill Project, Homes for Homeless Veterans, and the Mills of Carthage are just a few of the ways he was able to see the future of factory-built housing before most of us did.

MHI events will never be the same without him there, but I know when we are able to all attend another manufactured housing industry event, I’ll be thinking about him being the puppet master behind the curtains, writing beautifully worded speeches, and making all of us all smile just one more time.

OZ Impact Funds Acquires 21 Strive Communities

Oz Impact Funds Acquires
Bluegrass Meadows manufactured home community, Russellville, Ky. Photo courtesy of Oz Impact Funds.

OZ Impact Funds has acquired 21 manufactured housing communities from Strive Communities, which includes 2,740 manufactured housing pads across five Midwestern states. The $100 million acquisition adds to OZ’s growing portfolio of 11,400 communities acquired in just two years, increasing its portfolio by 30 percent.

“As we bring these communities into our growing platform, we understand our responsibility as community stewards for our tenants,” said Jeff Bennett, managing partner at OZ Impact Funds. “We appreciate working with the Strive team on this transaction and look forward to more acquisitions like this in 2021 and beyond.”

With the pandemic slowing affordable housing construction, the nation is short more than seven million homes for extremely low-income renters, according to the National Low Income Housing Coalition.

Oz Impact Funds Acquisition Strategy

“Our aggressive plan to continue to increase affordable housing units could not come at a better time,” said Bennett. “Acquiring mismanaged and under-capitalized manufactured housing communities to implement a hands-on, value-added approach brings benefits to both residents and investors.”

Oz aims to own and operate 20,000 homesites by 2022, and with the recent acquisition has expanded its manufactured housing community presence in Wisconsin, Nebraska, Illinois, Indiana, and Kentucky.

“With every acquisition, we improve communities for American families,” he said. “Adding these 21 communities to our expanding portfolio of MHCs is the perfect fit.”

Oz is a national leader in the manufactured housing community market, which has seen significant consolidation in recent years.

“Simply put, our mission is to revitalize dilapidated communities across the United States and provide affordable, safe and clean housing to American families by acquiring, investing in and operating MHCs,” OZ managing partner Greg Nelson said. “Identifying such opportunities in areas with strong fundamentals presents an attractive, risk-adjusted return while simultaneously improving the communities in which we invest.

“We believe MHCs are under-utilized in solving America’s housing crisis, and we can offer a meaningful affordable housing option to families looking for alternatives.”

Americans on the Move: How We Relocated in 2020

United Van Lines American on the move

Moving Trends in 2020 Heavily Influenced by COVID-19

Each year, United Van Lines surveys its customers on how its trucks and vans are used for relocation. In 2020, trends regarding Americans on the move mirrored recent years with a clear uptick in relocation from city life associated with COVID-19.

The company’s 44th Annual National Migration Study, reveals in 2020 that Americans continued to move westbound and southbound, and toward rural areas and more open spaces.

Idaho proved to be the state with the highest percentage of inbound migration among states experiencing more than 250 moves with United Van Lines, topping the list now in consecutive years. Topping the list of outbound locations was New Jersey, which has held the spot for three years.

Top 10 States Experiencing Highest Rate of Move-in During 2020

  1. Idaho
  2. South Carolina
  3. Oregon
  4. South Dakota
  5. Arizona
  6. North Carolina
  7. Tennessee
  8. Alabama
  9. Florida
  10. Arkansas

New to the top inbound list for 2020 are Tennessee, Alabama, and Arkansas.

Top 10 States Experiencing Highest Rate of Move-out During 2020

  1. New Jersey
  2. New York
  3. Illinois
  4. Connecticut
  5. California
  6. Kansas
  7. North Dakota
  8. Massachusetts
  9. Ohio
  10. Maryland

The balanced states for even or near-even numbers of move-ins and move-outs were New Hampshire and Montana, according to the study.

“United Van Lines’ data makes it clear that migration to western and southern states, a prevalent pattern for the past several years, persisted in 2020,” UCLA Economist Michael A. Stoll said. “However, we’re seeing that the COVID-19 pandemic has without a doubt accelerated broader moving trends, including retirement driving top inbound regions as the Baby Boomer generation continues to reach that next phase of life.”


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Georgia Family Gets New Home in Time for the Holidays

Lopez family Pentagon new home in time for the holidays
Olga Perez and her family enter their new home for the first time. Photos courtesy of Pentagon Properties.

small gathering new home just in time for the holidays
Organizers from Agape and Peachtree assembled to present the new home to Olga Perez and family.

Residents at Central Mobile Home Village in Georgia were provided a new manufactured home just in time for the holidays, the result of a partnership between the community owner, a local church, and an Atlanta-based nonprofit that focuses on helping youth and families.

Olga Perez and her family have lived in the Atlanta community for 20 years. In the last year she has been enduring the sudden accidental death of her husband.

“She has four kids and the youngest is under 11,” Maryuri Barberan, from the community ownership group Pentagon Properties, said. “Two organizations around our community helped to get her a new home, Agape and Peachtree Road United Methodist Church.

Agape has done other work with youth and family at Central Mobile Home Village in recent years, documented during the annual SECO Conference of Community Owners, an event and nonprofit organization co-founded by Pentagon Properties President Spencer Roane.

“Over six months ago they got approval to get this home for the family,” Barberan said of Agape and the church. The organizations, as well as a few other community residents, gathered in mid-December to present the home to Perez and her children.

OLD home new home in time for the holidays
The new home received in time for the holidays replaced an old home that was beyond repair.

“It was a nice small event,” Barberan said.

The home the family had been living in required an abundance of repairs, and it was agreed that the family

needed and deserved a new home.

Jennifer Lassen, the executive director for the Georgia Manufactured Housing Institute, congratulated Pentagon Properties on the project.

There is no doubt this family will be forever grateful for this incredible act of generosity and kindness,” she said.

new home just in time for the holidays exterior

Biloxi Show Put Off Until 2022

Biloxi Show Put Off 2022 coronavirus
Photo courtesy of City of Biloxi, Miss.

The introduction of The Biloxi Manufactured Housing Show as the replacement to the annual industry event in Tunica has been postponed until spring of 2022.

“Plans have been well underway to produce a great show highlighting the industry. However, the health and safety of attendees, exhibitors, manufacturers, and sponsors are of the utmost importance to the team developing the event,” show organizers stated, citing the continued spread of the coronavirus.

The South Central Manufactured Housing Institute voted on the change during a recent meeting. The show had been scheduled for March 15-18, and no 2022 dates have been announced.

MHInsider is the leader in manufactured housing news, including information on and coverage of manufactured housing industry trade shows, conferences, and meetings.

Rep. Marcia Fudge Nominated for HUD Secretary

Fudge HUD
Rep. Marcia Fudge, D-Ohio.

President-elect Joe Biden has been lining up his cabinet, and will look to Rep. Marcia Fudge, of Ohio, to lead the U.S. Department of Housing and Urban Development.

The congresswoman represents the 11th Congressional District of Ohio.

Fudge serves on the Committee on House Administration, House Committee on Agriculture and House Committee on Education and Labor.  She is the Chair of the Committee on House Administration Subcommittee on Elections and Chair of the Committee on Agriculture Subcommittee on Nutrition, Oversight and Department Operations.  She serves on the Subcommittees on Conservation and Forestry (Agriculture), Civil Rights and Human Services (Education & Labor) and Health, Employment, Labor and Pensions (Education & Labor).

U.S. Sen. Sherrod Brown, D-Ohio, is a ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

“Representative Fudge is a talented lawyer, successful mayor, and effective legislator. She has shown time and time again, that there is nothing she can’t accomplish,” Brown said. “I am confident that as Secretary of the U.S. Department of Housing and Urban Development she will work to address this public health crisis and our affordable housing crisis,  and make our housing system more equitable.”

He said is a statement that Fudge is the right choice for the moment, will make Ohio proud and “take on systemic racism in our housing system so that the dream of homeownership is available to everyone, no matter who they are, where they live, or what kind of work they do.”

In the 115th Congress, the Congresswoman served on the House Committee on Education and the Workforce Subcommittees on Early Childhood, Elementary and Secondary Education and on Health, Employment, Labor and Pensions.  She also served as Ranking Member on the House Committee on Agriculture Subcommittee on Conservation and Forestry and a member on the Subcommittee on Nutrition.  She is a member of several Congressional Caucuses and past Chair of the Congressional Black Caucus.

Fudge and each of Biden’s nominees will be subject to confirmation in the U.S. Senate.

JLT Manufactured Home Community Market Reports Available for Ohio, Pennsylvania, Tennessee

UMH Community December JLT Market Reports
Image courtesy of UMH Properties.

December JLT Reports for mobile home rent comps in Ohio, Pennsylvania, and Tennessee are available now for purchase, including immediate download through Datacomp, the national leader in manufactured home valuation and community data.

JLT Market Reports provide detailed research and information on communities in 186 housing markets throughout the United States. These include the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.

Datacomp maintains and provides the JLT Market Reports and is the nation’s #1 provider of market data for the manufactured housing industry. JLT Market Reports are recognized as the industry standard for manufactured home community market analysis.

The December 2020 manufactured housing market data published in JLT Market Reports for Ohio, Pennsylvania, and Tennessee include information from 13 markets on 347 “All ages” and “55+” manufactured home communities.

Altogether, the reports from the three states’ manufactured home communities include data representations for 67,531 homesites.

Regional Trends in Manufactured Housing Community Rent, Occupancy

  • Midwest region manufactured home communities show a year-over-year 3.3% increase in average adjusted rent and a 1.5% increase in occupancy rate.
  • Northeast region manufactured home communities show a year-over-year 2.8.#% increase in average adjusted rent and a 0.2% increase in occupancy rate.
  • Southern region manufactured home communities show a year-over-year 4.5% increase in average adjusted rent and a 0.8% increase in occupancy rate.

“Manufactured housing community occupancy, as well as average rents, continue to show growth in most of the 13 markets represented in the December 2020 publications,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said. “We see one major market that showed among 55+ communities a decrease in average rent and occupancy.”

What’s in JLT Market Reports?

Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment grade communities in the major markets. The detailed information includes:

  • Number of homesites
  • Occupancy rates
  • Average community rents, and increases
  • Community amenities
  • Vacant lots
  • Repossessed and inventory homes, and much more

JLT Market Reports also include management insights that rank communities by the number of homesites, occupancy rates, and highest to lowest rents. Established reports show trends in each market with a comparison of December 2020 rents and occupancy rates to December 2019, as well as a historical recap of rents and occupancy from 1996 to the present date in most markets.

The December 2020 JLT Market Reports for Ohio, Pennsylvania, and Tennessee manufactured home communities are available for purchase and immediate download online at the Datacomp JLT Market Report website, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.

Each fully updated report for mobile home communities is a comprehensive look at investment grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed business decisions.

Manufactured Home Museum Coming to Hall of Fame in Elkhart

manufactured home museum rendering
A $1.5 million Manufactured Home Museum in Elkhart will be constructed during 2021.

The RV/MH Heritage Foundation has approved a plan to construct a new $1.5 million, 20,000 square-foot Manufactured Home Museum.

“The new museum will be built as a wing on the northeast side of the existing RV/MH Hall of Fame in Elkhart,” foundation President Darryl Searer said. “The entire space will be dedicated to showcasing the manufactured housing industry and will include exciting exhibits, interactive displays, historical artifacts, and generational manufactured houses for the public to view and tour.”

Searer said the museum will be a unique and historical public experience dedicated to the industry, and will include exhibits and attractions specifically designed for families and children.

Each year, the hall of fame inducts a new class of 10 total RV and manufactured housing industry professionals, in addition to serving as a depository, holding place, and showcase for industry history.

“This will be a state-of-the-art museum and create a masterpiece in the manufactured home industry,” Searer said. “As its birthplace, Elkhart, Ind., will now have a claim to the pinnacle of manufactured home museums to celebrate the industry.”

Manufactured Homes of the Past, Future

Foundation board member Jim Scoular, of Jimsco, Inc., has been a driving force on the Manufactured Home Museum project, Searer said.

“This museum will celebrate the history of our industry, showcase the homes of today and provide a window into futuristic mobile and modular housing,” Scoular said.

The museum will serve as an educational destination to learn about affordable non-subsidized housing, with captivating displays and interesting insights into all aspects of the industry.

Factories, dealerships, suppliers, manufactured housing communities, transporters, banking, and all other aspects of the industry will be featured and honored.

The museum is on a fast track to completion with final plans expected Feb. 15 and construction starting April 15. Searer said the plan is to have construction wrapped up in September.

“This will bring a whole new excitement for the MH Industry,” he said. “It will bring a new energy and balance to the Hall of Fame.”

The foundation continues to take donations for the new Manufactured Home Museum, through Feb. 15.


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Clayton Opens Home Innovation Lab at Company Headquarters

5,000 Square Foot Collaborative Space is More than a Design Center

Home Innovation Lab second floorClayton, a leading homebuilder based in Knoxville, Tenn., has fully opened its Home Innovation Lab after more than a year in development.

The new space is a dedicated home-base for architects, engineers, 3D rendering and interior design teams. It provides a unique and versatile place where Clayton teams can collaborate using innovative technology to create and design Clayton Built® homes that keep the buyers’ needs and lifestyle at the forefront of the building process.

“Clayton is invested in constantly improving its home designs and providing innovative features to our homes,” Clayton Home Building Group President Keith Holdbrooks said. “We have invested in assembling these world-class teams, who together have a wide array of backgrounds in architecture and interior design, to deliver beautiful homes that meet our customers’ evolving needs.”

materials home innovation lab

Material Samples, Virtual Reality, Collaboration

The Lab provides a workspace and acts as a think tank for all Clayton team members involved in the design process, from engineers and architects to material management and production team members. It also houses the sample materials workroom with building materials from brand partners displayed for optimized decision making when choosing finishes and upgrades. The presentation and virtual reality space showcase the end result of home designs.

This progressive approach and commitment to forward-thinking design is what helps keep Clayton ahead of the curve.

Clayton interior design team members attend and present at design and home conferences throughout the country each year and continuously study how homeowners live in their homes to ensure homes are functional as well as beautiful. Additionally, the Clayton Insights team specializes in discovering and dissecting housing trends, how today’s individuals and families live and who home buyers are.

“The use of innovative technology has added a seamless element to the home building design process,” Interior Design Manager Megan Foster said. “We can tweak options within floor plans and design elements to see what the home would look like, all in virtual reality, cutting the expense of building a physical prototype. We have the capability to view different finishes and virtually build features we’ve learned our customers are looking for, such as flexible spaces for home offices or multi-functional storage nooks.”

MHInsider Spoke with Foster for a Q&A during the development of the Home Innovation Lab. What follows is the result of that conversation.

Collaboration Home Innovation Lab
Clayton team members select materials for a new interior design approach for their homes. All photos courtesy of Clayton. Some images captured prior to March 2020.

Q&A with Interior Design Manager Megan Foster

What was the concept/strategy at play during the time of the initial conversation regarding a designated space like this in Maryville?

As we traveled the country, visiting every Clayton home building facility, we found that each facility was completely different when speaking about design capabilities and product options. Some facilities were really great with design and floor plans. However, some facilities could benefit from additional resources. So, the conversation of having a facility to support our 40 home building facilities really started to become important. We truly needed a collaboration space to provide design services for a consistency that was felt to be missing.

How has that initial vision evolved with further conversation and development of the space?

Originally it was more on the design side, but it has evolved into the addition of architects, engineers, and 3D rendering teams all in one space.

Can you detail for us the size of the space, where it’s configured at the headquarters, and what elements were brought in for use of the space?

The Home Innovation Lab is approximately 5,000 square feet, with multiple workspaces including presentation rooms, collaborative sitting rooms, and office areas. It is located directly behind our Corporate Headquarters in Maryville, Tenn.

Home Innovation lab meeting space

Clearly, you were very involved with the development of the space. Who else was leading the charge?

Our in-house interior design team was involved, specifically Ashley Skowron and Ryan Burgess. Local contractor Joseph Construction managed the project, while local firm Johnson Architecture served as the architect.

How was the development of this space informed by customer needs? Who are these customers?

We have really built out our teams with experienced, high-talent level, creative individuals with different skill sets that really round out this department well. There is the addition of an in-house Insights position that specializes in spotting trends, how today’s family lives, and who our home buyers are. We have an opportunity with the age of social media to instantly poll our followers to get directional feedback. That just adds another layer of information and affirmation that we are headed in the right direction.

Our customer is our home building facility and our job is to equip them with the latest trends for their region, and for their target customer. We are continuously working with our retail partners and can’t wait for them to have an opportunity to visit the Home Innovation Lab so we can further showcase our process.

How do you envision the use of this space impacting the market? Is there a 3-year, or 5-year plan for what its use should result in?

Technology plays a big role…we offer virtual prototypes, which provide more consistency throughout the building process, along with visual aids that assist in selling tools, as well as production.

Greater efficiencies in our building process will be achieved due to the fact that we have built out this team of architects, engineers, and designers who are constantly collaborating and working on new and improved homes.

The space allows us to work closer with vendors to develop the most innovative and creative materials to bring to market. We have a great opportunity to create materials that typically may not be available in our industry and make them available, production-friendly and appropriate for design trends…all in one. That’s pretty cool.

FHFA Sets Loan Volume Cap at $140 Billion, Expands Resident Protections

Calabria Confirmation FHFA loan volume caps

2021 Loan Volume Caps Set at $70 Billion for Each Enterprise

In mid November the Federal Housing Finance Agency announced its 2021 requirements for Fannie Mae and Freddie Mac, with several changes in the mix for manufactured housing.

FHFA set lending caps for each of the Enterprises at $70 billion for the year, for a total of $140,000 billion in volume, a reduction of $60 billion. The schedule for the lowered loan volume cap is for the four quarters of 2021, rather than the five-quarter schedule implemented in previous years.

“Multifamily housing is a critical component of the nation’s housing supply and especially of its affordable housing stock. As we continue to address the shortage of affordable housing, especially amid the COVID crisis, FHFA will keep a close eye on the multifamily caps to ensure that they are sufficient and serve to increase the supply of affordable housing but do not crowd out private capital,” FHFA Director Mark Calabria said.

At least 50% of 2021 lending activity from the Enterprises, in order to get credit under Duty to Serve, must be tied to mission-driven affordable housing, including manufactured housing communities that for the first time must provide resident protections outlined by Freddie and Fannie in the Duty to Serve plan, or be communities owned by a nonprofit, the residents, or the government.

The new FHFA standard is heightened from the current 37.5% mission-driven, affordable housing mandate.

For 2021, mission-driven business is defined as affordable for residents at 80% of area median income. At least 20% of multifamily loan volume must be affordable for residents at 60% of AMI.

Tenant lease protections have been in use regularly leading up to the mandate, often exercised not only to provide security for residents but also to gain improved commercial lending terms.

Brett Taft is the Vice President and Chief Operating Officer for UMH Properties, which owns and operates communities in eight states.

“On our last GSE deal we received a substantial credit towards third party reports and a reduced interest rate,” Taft said. “By requiring the TSLPs it may deter some operators from obtaining the GSE loans or increase the cost, but we have been able to offer our residents the TSLPs.”

However, to this point, the plan is offered only for communities that lease space for resident-owned homes.

“In order to qualify for financing a certain percentage of the leases must have these TLSP protections,” Taft said. “We have worked with the GSE’s in the past to make accommodations for rental homes that are unable to institute the TSLPs. Rental homes in our communities provide the best quality affordable housing in any market. Apartments can also be considered affordable housing which qualify for the DTS credits. Our belief is that the rental homes will be classified more similarly to the apartment model. We expect additional clarity on the matter in the coming weeks.”

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