Manufactured housing cooperatives, though they provide affordable housing to people with some of the lowest-incomes in our communities, do not qualify for most public sources of infrastructure funding. NCF proposes the creation of a dedicated infrastructure fund for resident- and nonprofit-owned manufactured housing communities. Read more about the infrastructure fund.
Manufactured housing tax fairness
Residents of manufactured housing cooperatives, under current law, cannot claim credit on lot rent they pay to the cooperative. All other manufactured homeowners in the state can claim renter's credit for lot rent paid. In fact, residents of manufactured housing cooperatives are the only class of taxpayer that receives no property tax relief on taxes they pay on the land their homes sit on. Loss of the credit creates an economic disincentive for low-income homeowners who would otherwise form cooperatives and take ownership of their communities. NCF is calling for restoration of the renter's credit for residents manufactured housing co-ops. Read more about restoring the renter credit.
workforce homeownership minnesota
house authors: fabian, davids, clark, kiel, marquart, anderson, P., baker, hamilton, nelson, schultz, olson, davnie, pierson, lohmer, sauke, Johnson, C.
Workforce Homeownership Minnesota (WHOM) is a coalition of nonprofits who week to double the number of current homeownership opportunities offered to working Minnesotans. WHOM represents community-based organizations that address local workforce housing through homeownership development projects: community action programs, housing land trusts, manufactured housing cooperatives, and community development organizations. The WHOM coalition organizations are on the leading edge of closing the homeownership gap by providing homeownership options that disproportionately benefit households of color.
In 2016, the WHOM coalition successfully lobbied for the establishment of a one-time Workforce Homeownership Fund, administered through the Minnesota Housing Finance Agency. The fund is a separate and complementary fund to existing Agency programs and provides key capital for homeownership projects throughout the state that are often ineligible for other sources. This year, WHOM is advocating for the expansion of the Workforce Homeownership Fund by capturing the growth in the mortgage registration fee revenue, which has grown in recent years due to the strengthening housing market. Read more about the Workforce Homeownership Fund.