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In 2019 the company's gross revenue was $169 million, versus $162 million in 2018. Approximately half of their sales are in Texas. Their consumer loan portfolio was worth $105 million at an average APR of 14%. They also had $92.3 million in manufactured home park loans at variable rates, typically 4% over prime. [5] [3]
Champion Homes was founded in 1953 as a single manufacturing facility in the small town of Dryden in rural Michigan by Walter W. Clark and Henry E. George. [4]In 2005, Champion was the first manufacturer to build privatized modular housing for the military.
The Texas Department of Housing and Community Affairs (TDHCA) is the state's lead agency responsible for homeownership, affordable rental housing, community and energy assistance programs, and colonia activities serving primarily low income Texans. The Manufactured Housing Division of TDHCA regulates the manufactured housing industry in Texas.
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That same month, Clayton Homes announced that it would partner with nonprofit Next Step to build a modular duplex in Waco, Texas on a lot owned by NeighborWorks Waco in order to create affordable housing in the Greater Waco area. [41] In 2016, Clayton Homes was recognized as number 292 on Forbes' list of America's Best Employers. [42]
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