I finally connected with the NC HUD person with 207(m) responsibility. He told me the first thing they require is documentation of need for new/rehabb’ed MH parks, to satisfy their economist. They need letters from many park managers detailing their vacancy rates. Doesn’t sound like a big deal, except he said they had not approved a single loan in NC in the past 20 years because of the inability of the many applicants to document need! Hoping to creatively demonstrate need, I offered to sell their economist a used MH for $1 if he could find a park in our county that would accept it. Thank God I don’t work for HUD.
I’ve been looking for online information about this FHA loan. The only reference I’ve found, so far, is at http://mobilehomepark.com/ (thanks for the URL, Ed Garcia!) where the site owners promote an $89 book that’s supposed to guide one through the process of obtaining the loan. I’ve emailed them for general info, but haven’t had a reply, yet.
Ed, as usual, you’ve come through for me! I didn’t call you back for the additional info when I couldn’t find it was because, quite frankly, I’m just not used to having such a gracious and generous friend/mentor to contact for help! I’m working on that!! ;^)