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City of Versailles Pilot Project House

Manufactured Housing Industry & City Leaders Unite to Address Housing Affordability

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In a groundbreaking initiative to tackle Central Kentucky's housing challenges, the Kentucky Manufactured Housing Institute (KMHI) announces a pioneering collaboration with Champion Homes and the City of Versailles. This innovative partnership emerged from a dedicated year-long task force, spearheaded by members of the Versailles' City Council, with significant contributions from KMHI Executive Director Logan Hanes and other community leaders. The task force's vision culminated in a unanimous city council approval to showcase a modern manufactured home on city-owned property—a creative solution to address the critical shortage of available housing inventory.

"This partnership exemplifies what can be achieved when local government and industry leaders work together to solve community challenges," said Logan Hanes, Executive Director of KMHI. "We're particularly grateful to Champion Homes, the City of Versailles leadership, Bluegrass Home Center, and our community partners for transforming this vision into reality."

Before becoming someone's permanent residence, this showcase home will be open to the public, highlighting the exceptional quality, advanced safety features, energy efficiency, and versatile design options available in modern manufactured housing. This initiative demonstrates how factory-built homes can provide an immediate, attractive solution to Kentucky's housing needs.

Photo Gallery

Open House Tour Schedule

  • Saturday, April 12th - 1:00 - 3:00 pm
  • Sunday, April 13th - 1:00 - 3:00 pm
  • Saturday, April 26th - 1:00 - 3:00 pm
  • Sunday, April 27th - 1:00 - 3:00 pm
  • Saturday, May 3rd - 1:00 - 3:00 pm
  • Sunday, May 4th - 1:00 - 3:00 pm

Schedule is subject to change.

Take a Virtual Walkthrough

Home Price

  • 3 Spacious Bedrooms
  • 2 Baths
  • Large Open Floor Plan
  • Two Covered Porches
  • Granite Countertops
  • Refrigerator, Dishwasher, Oven, Cooktop, Microwave
  • A Large Lot With a Great Location Near Downtown Versailles
  • 1941 Total Square Feet

Price = $249,900

Buying Criteria & Features

We know that there will be many whom, after walking through this home and seeing the quality firsthand, will want to call it home! So that we can stay in line with the mission of the task-force and the intentions of showing how we can address the housing crises, the task-force has created specific criteria for the potential buyer(s). Those restrictions are:

  1. Household income at or below 120% of the Area Median Income (see breakdown below)
  2. It must be the buyer's primary residence
  3. Cannot be utilized as a rental property (short-term or long-term)
  4. Buyer must be able to qualify for a mortgage
  5. To ensure future availability, the home's resale value will be adjust to match the inflation rate as measured by the FHFA Price Index, ensuring its value reflects current market conditions for a certain period of time.

Rather than creating a bidding process, if more than one qualifying offer is received, the name of the buyer will be drawn from a hat.

For further details, reach out to LHanes@kmhi.org.

 

Floor Plan

Unknown

Financing Options - Get Pre-Approved

For questions about what will be required of the lender, reach out to Logan Hanes, KMHI Executive Director, at LHanes@kmhi.org

For Additional Information:

For any questions a reach out to Logan Hanes, KMHI Executive Director, at LHanes@kmhi.org.

Also, for a Homebuyer's Guide, see below.

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