Diversify with private credit and equity real estate investment funds that make non-concessionary impact investments to expand access for America’s working families to affordable, safe communities.
Senior Secured Mortgage Fund that makes private credit investments to experienced real estate sponsors. Targets monthly passive income and annual returns of up to 10% for accredited investors.
Private Real Estate Investment Fund that invests in income-producing, attainable rental communities. Targets monthly passive income and annual returns of up to 12% for accredited investors.
Private Preferred Credit Fund that makes primarily equity (debt for tax purposes) and debt investments to preserve attainable rental housing. Targets monthly passive income and annual returns of up to 11% for accredited investors.
Private Real Estate Investment Fund that invests in all stages of development to build, improve, and manage attainable rental housing. Targets quarterly passive income and annual returns of up to 13% for accredited investors.
See how DLP Capital’s lending fuels real estate projects that transform communities. These stories highlight the creativity, determination, and results of the talented sponsors we work with.
Explore a selection of our recent transactions across lending, acquisitions, and investments — demonstrating our commitment to delivering momentum, certainty, and impact for real estate projects nationwide.
Our core value of Driven for Greatness is about adopting a growth mindset and consistently seeking out opportunities to learn. The Twenty is our way of helping you do just that, named after the core value that sets the tone for all we do: the Twenty-Mile March. Learn from our latest webinars, articles, podcast episodes, and more.
In his blog, Founder and CEO Don Wenner shares insights from the lessons he’s learned as a faith-driven CEO who has grown DLP Capital to be an Inc. 5000 Fastest-Growing Company for 13 consecutive years at just 40 years old. Learn not just from his own experiences as an entrepreneur, father, and husband, but the most important lessons he has learned from friends and mentors like John C. Maxwell, Lloyd Reeb and others.
From impact investing to building an extraordinary organization while being equally focused on an extraordinary family, Don Wenner’s Elite Impact Podcast covers it all. Learn valuable insights and hear incredible stories of leadership, impact, and more from Don and his guests.
Experience DLP Capital events anytime. Watch keynotes, panel discussions, and training sessions featuring industry leaders and experts driving innovation and impact.
Access DLP Capital’s complete webinar library, featuring quarterly fund updates, educational sessions, and special presentations designed to keep investors informed and inspired.
Read the latest DLP Capital quarterly report for the most recent performance of DLP Capital-sponsored funds, updates on current investments within the funds, stories of our impact in action, company insights, and more.
CEO Don Wenner has built a life—and a company—dedicated to transforming lives through access to safe and attainable housing. Today, DLP Capital is creating solutions to the affordable housing crisis, redefining community, and helping investors discover success with significance.
DLP Capital’s purpose-driven, non-concessionary impact investments create housing, jobs, connection, and opportunity for families across America. Discover more about how DLP invests with purpose.
Meet the visionary leaders committed to executing DLP’s vision of transforming the lives of both residents and investors through the building of Thriving Communities.
Stay inspired by the latest updates from DLP Capital. Explore how we’re driving meaningful change, earning recognition, and celebrating milestones as we continue building thriving communities across America.
At DLP Capital, work is more than a job—it’s a mission. Join a team dedicated to solving America’s housing crisis, building thriving communities, and creating opportunities for families across the country.
Our mission starts with connection. Reach out to our team or visit one of our locations to learn more about how DLP Capital is creating impact where it matters most.
Can Manufactured Homes Address the Affordable Housing Crisis?
At less than a third the cost of a traditional home, manufactured homes are extremely affordable. Can they combat the nation’s affordable housing crisis?
July 3, 2025
Market Updates
No matter where in the country you look, housing is becoming increasingly less affordable.
Today, more than 40% of the nation’s 100 largest metropolitan areas face a lack of affordable housing1—a problem that most significantly impacts the households with the fewest resources to combat the problem.
For example, households earning between $75,000 and $100,000, those in the “middle- to upper-middle-income” bracket, can afford 21.2% of all listings on the market as of March 2025—down 27.6 percentage points from 48.8% of listings in March 2019.1
On the other hand, households earning below $75,000 are far more constrained. For these households, just 8.7% of all listings today were within reach, down 19.1 percentage points from 27.8% in March 2019.1
This lack of affordability plays into what the National Low Income Housing Coalition terms the housing supply gap—a nationwide shortage of affordable housing that strains America’s working families. The coalition estimates that the United States is currently short 6.8 million affordable homes, with the most severe supply gaps occurring in Sunbelt states like Florida, Texas, Arizona, and Nevada.2
Could manufactured homes make housing more affordable?
One issue is that new housing is expensive to build. On average, a new site-built home costs $413,160, or roughly $165 a square foot, to build.3 And this figure represents the cost of the structure alone—it doesn’t factor in the cost of land, which can often account for 20% to 40% of the total costs for a new home.4
Nonetheless, construction costs represent the largest portion of new build costs. They’re also rising rapidly. According to the National Association of Home Builders (NAHB), construction costs “accounted for 64.4% of the average price of a new home in 2024 compared to 60.8% in 2022.”5
Labor shortages, rising material costs, supply chain disruptions, higher insurance premiums, and even tarrifs—which could alone cause construction costs to jump a further 1.5–2.5%6—could threaten to worsen America’s housing affordability crisis and make homes even less accessible than they are today.
What can be done to combat these challenges?
One solution could be to turn towards manufactured housing. Unlike traditional stick-built homes, which are built from the ground-up at the homesite, manufactured homes are partially or fully pre-built at an off-site factory, in accordance with the U.S. Department of Housing and Urban Development’s (HUD’s) Manufactured Home Construction and Safety Standards.7
Once built, the homes are then transported to the homesite, where they are anchored and installed.
Arguably the biggest advantage to this method of construction is that it is significantly cheaper. The average manufactured home costs just $127,250 or $85.00 per square foot to build—roughly half the cost of a site-built home.3
Depending on the size of the manufactured home, costs can be even lower. For example, a single section (or single-wide) home, which can be built and transported in one go, costs an average of $86,100 to build.3 Meanwhile, a double section (or double-wide) home, which is built in two separate sections that are attached together on-site, costs an average of $158,633 to construct.3
Why should investors care about manufactured housing?
Despite these cost advantages, manufactured homes are fairly uncommon. CNN reports that just “6% of the housing stock in the US [consists of] manufactured homes.”8 Nor are they distributed equally: most manufactured homes are located in rural communities, rather than in the urban metro areas that face the greatest housing affordability challenges.
Besides, most of the existing manufactured housing stock is old. According to MHInsider, an estimated 60% of the country’s manufactured housing communities were built in the 1970s and 1980s.9 Since then, construction has rapidly tapered off: only 12% of manufactured communities in existence today were built past 1991, excluding those within unknown vintages.9
For investors, this dislocation between supply and demand, worsened by the shortage of new construction, is a potentially compelling opportunity. As cities begin to recognize the benefits of manufactured housing and potentially ease zoning restrictions, investors could have the chance to finance new, high-quality builds that are desperately needed in high-demand Sunbelt markets.
Make an impact on America’s affordable housing crisis. Accredited investors can invest in the DLP Building Communities Fund to help finance the construction of new manufactured homes in the Sunbelt, while unlocking the potential for targeted returns of up to 13%.
According to the Manufactured Housing Institute, the average manufactured home costs $127,250, or $85 per square foot, to build.
How does manufactured housing work?
Unlike traditional homes, which are constructed on-site from the ground-up, manufactured homes are pre-built in an off-site factory to meet HUD (Department of Housing and Urban Development) standards. Then, the home is transported and installed on-site. This method of construction makes manufactured homes cheaper to build than traditional site-built residences.
Is it cheaper to live in a manufactured home?
Yes. Living in a manufactured home is generally cheaper than living in a traditional, stick-built home. That’s because their lower construction costs translate to more accessible purchase and rental prices. Manufactured homes can also be built with energy efficiency in mind, which results in lower utility bills for occupants.
Do manufactured homes age well?
Yes. With ongoing maintenance and proper care, a manufactured home can last between 30 and 55 years, which is roughly equivalent to the lifespan of a traditional site-built home.
Are manufactured homes safe in storms?
When installed and anchored properly, manufactured homes are no less safe in storms than traditional homes. However, in certain severe weather conditions, you may wish to evacuate rather than shelter in-place, regardless of whether you live in a manufactured or traditional home.
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