Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
Business:Investing
Welcome to Episode 118 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Dennis Smith from Freddie Mac. Freddie Mac is considered a GSE (government-sponsored enterprise) and with that comes the Duty to Serve mandate, which focuses on three underserved markets for those who make under 80% of the median income. On today’s show, Dennis explains what the Duty to Serve initiative means and how that affects both mobile home residents and owners.
Key Takeaways:
[2:20] What did Dennis do prior to joining Freddie Mac?
[3:40] Dennis dives into a little bit of the history of Freddie Mac and what GSE (government-sponsored enterprise) is.
[4:15] Where did the ‘Duty to Serve’ mandate/regulation come from?
[6:10] Duty to serve focuses on three underserved markets; Rural housing, affordable housing, and manufactured housing. How is rural housing defined?
[7:40] How is affordable housing defined?
[10:15] What does Duty to Serve mean for the residents of mobile home parks?
[11:25] And, finally, what does Duty to Serve mean for the owners of mobile home parks?
Mentioned in This Episode:
Park Street Partners
Investment Opportunities
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Freddiemac.com
Freddiemac.com/about/duty-to-serve
EP097: Interview: Todd Foster, Mobile Home Park Owner With A Different View
EP096: Interview Professor Michael Hughes Tells Us About An Incredibly Creative Mobile Home Renovation
VIDEO: EP095: Interview: Mike Johnson, MHP Owner and Early Retirement Expert
EP095: Interview: Mike Johnson, MHP Owner and Early Retirement Expert
VIDEO: EP094: Interview: DJ Pendleton, Executive Director, Texas Manufactured Housing Association
EP094: Interview: DJ Pendleton, Executive Director, Texas Manufactured Housing Association
VIDEO: EP093: Interview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP Buyers
EP093: Interview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP Buyers
VIDEO: EP092: Interview: Jill Denlea, First-Time MHP Buyer
EP092: Interview: Jill Denlea, First-Time MHP Buyer
EP091: TEXCO18 Trade Show Recap
VIDEO: EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government
EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government
VIDEO: EP089: Interview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And More
EP089: Interview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And More
EP088: Interview: Ralf Gomm, Mobile Home Park Owner (2 of 2)
EP087: Interview: Ralf Gomm, Mobile Home Park Owner (1 of 2)
VIDEO: EP086: Interview: Ben Braband, Mobile Home Park Owner (2 of 2)
EP086: Interview: Ben Braband, Mobile Home Park Owner (2 of 2)
EP085: Interview: Ben Braband, Mobile Home Park Owner (1 of 2)
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