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
EP054: Tales From the Road: MHI 2017
EP053: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (2 of 2)
EP052: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (1 of 2)
EP051: Everything You Always Wanted To Know About Pipe Bursting, But Were Afraid To Ask
EP050: Interview: Mike Renz talks environmental liability, Phase 1s, and MHPs
EP049: Jefferson Reflects On 10 Years In The Business
EP048: Quick Tip: How to Save on Your Electric Bill
EP047: 'In The Weeds' With CMBS Financing (2 of 2)
EP046: 'In The Weeds' With CMBS Financing (1 of 2)
EP045: How to Hire the Right Manager
EP044: 2016 - The Year In Review
EP043: Case Study: Fort Worth Mobile Home Park for Sale (part 2 of 2)
EP042: Case Study: Fort Worth Mobile Home Park for Sale (part 1 of 2)
VIDEO - EP041: Park Street Partners - Update on Fund 2
EP041: Park Street Partners: Update On Fund 2
EP040: How to Know In 30 Seconds If You Should Buy A Mobile Home Park
EP039: Interview: David Protiva Talks Mobile Home Parks, Mistakes, And Advice
EP038: Tales From The Road: A Typical Diligence Trip
EP037: Tales From The Road: The Manufactured Housing Institute's National Communities Council Meeting in Chicago, IL
EP036: Tales From The Road: The SECO Conference in Atlanta, GA
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