Earlier this year, the impacts of increased building material costs became very apparent for our Mutual Self-Help (MSH) families and their sponsors on the ground. I wanted to share some of the data that Dick Kempke at RCAC, along with other MSH intermediaries, put together.
It is a national problem, building material costs are skyrocketing. And it isn’t getting better anytime soon. The Building Contractors Association stated that in the United States the total lumber package price for the average home right now is up 208 percent. That is, if you can even get all the lumber you need.
In honor of Women’s History Month, I want to highlight the significance of Mutual Self-Help (MSH) housing in the lives of women over the past 58 years.
Happy Holidays, News Alert and much more!
When I think of Mutual Self-Help Housing and programmatic impact, I often pause to consider what an amazing financing vehicle the U.S. Department of Agriculture 502 direct mortgage program is for rural America. It has been a staple for mortgage financing in rural communities for more than 60 years …