PORTLAND, Maine (2/19/13)--The Maine Credit Union League helped coordinate credit union input--as it relates to credit union lending--in a forum hosted Wednesday by representatives from Maine's Manufactured Housing Industry in Scarborough, Maine.
"[The event was] a good opportunity to get different perspectives about the manufactured housing industry and local lenders," said Quincy Hentzel, league director of governmental affairs. "Manufactured housing is an important part of Maine's housing market, and we had a good discussion about some of the regulatory challenges facing credit unions and other lenders when it comes to lending for manufactured homes."
A representative from the office of U.S. Sen. Angus King (I-Maine) attended and expressed interest in what could be done to help ease regulatory burdens. John Gallagher, the new director of the Maine State Housing Authority, indicated at the meeting he wants to find ways to continue support of the manufactured housing option.
Richard Bradstreet, who owns a manufactured housing dealership in Winslow, Maine, and is a board member at Winslow Community FCU, participated. He has worked with the league to help facilitate a positive dialogue--especially between credit unions and the manufactured housing industry.
"We want to provide financing to consumers purchasing a manufactured home, but it is particularly challenging when the home is on leased land," said Luke Labbe, president/CEO of PeoplesChoice CU, Saco, who attended the event.
Hentzel said the event was beneficial, and further discussions are planned.