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Committee reviews estimated costs to convert units tied to Fannie Mae financing
Summary
At its April meeting, the New Canaan Portable House Committee reviewed per-unit cost estimates and financing options for meeting affordability requirements attached to Fannie Mae financing; committee members discussed Department of Housing assistance and an expected 20% affordability requirement.
At its April meeting, the New Canaan Portable House Committee reviewed cost estimates for converting residential units to meet affordability requirements tied to Fannie Mae financing, and discussed possible Department of Housing financing to reduce conversion costs.
The committee heard that Scott Hobbs provided estimates showing differing per-unit costs depending on the target affordability level. "I did, manage to get some numbers…
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