BRYAN, Tex. (KBTX)- Tuesday the Bryan City Council approved the Bryan Home Foundation Initiative.
That means the city can move forward with plans to offer a new option to people who own manufactured homes in mixed-use neighborhoods.
Right now, residents who own a mobile home in mixed-use neighborhoods have the right to replace it with another manufactured home. However, the Bryan Home Foundation Initiative will give them a more affordable way to purchase a stick home if they'd like.
The city is willing to pay $10,000 for any occupied manufactured home. That money will go toward a down payment on a mortgage loan for a new single-family stick home on the owner's land. To start the program, they will only be selecting ten applicants.
The plan is to work with the City of Bryan's Community Development, local builders and lenders to find the best deal on financing and building costs. City leaders say the overall goal is to help residents finically in the long run.
Mayor Andrew Nelson says it will take several weeks before they present information and requirements to residents.