Preview:
PAGE, Arizona — The Navajo Nation is pumping nearly $75 million into a manufactured housing firm leaders hope will ease the housing crunch on the reservation, create jobs and spur economic activity.
Per the arrangement with ZenniHome, a startup builder of manufactured housing, the Navajo Nation will pump $24 million into construction of a new, larger ZenniHome facility adjacent to its existing plant in Page, Arizona, near the Utah border and within Navajo Nation territory. That new plant will enable ZenniHome to bolster production, and, parallel to that, the Navajo Nation plans to spend another $50 million to buy around 200 of the...
Read MoreOur thoughts on this story:


That new plant will enable ZenniHome to bolster production, and, parallel to that, the Navajo Nation plans to spend another $50 million to buy around 200 of the prefabricated homes from the new facility.
Wait a minute, they’re going to spend $50 milion for 200 mobile homes – that’s $250,000 per home! Now I know that non-profits make the worst financial decisions on earth but this one’s record breaking. Why not just call the local Clayton dealer and get the exact same thing for $50,000? Something’s fishy about this story.