Since 2016, the city has partnered with True North Federal Credit Union to provide low-interest loans for up to 50% of the down payment of mobile homes, also called manufactured homes.
Housing is tight in Juneau, and that can make it hard for low or middle-income families who want to settle down. To help address that, the Juneau Assembly is increasing the funding in ato provide low-interest loans for up to 50% of the down payment of mobile homes, also called manufactured homes . Loan recipients are on the hook for the other 50% and have five years to pay it back.
“I think it’s super important that we provide a variety of tools, so it’s just biting at the apple every way we can,” she said. Hughes-Skandijs said for many people and families, purchasing a traditional house in Juneau just isn’t financially possible anymore. But, purchasing manufactured homes can be a solid alternative.the median sales price of a mobile home on land in 2023 was just under $172,000. The sales price for a single-family residence was more than double at nearly $530,000.
The program is funded with money from the city’s Affordable Housing Fund. City Manager Katie Koester said since the program’s inception, it’s been underutilized — only 14 loans have been taken out. She said she hoped that changes and more people take advantage of it.
Alicia Hughes-Skandijs Housing Juneau Assembly Katie Koester Lands Housing And Economic Development Committee Manufactured Home Down Payment Assistance Program Manufactured Homes Mobile Home Down Payment Assistance Program True North Federal Credit Union
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