The Dutchess County Legislature’s Public Safety Committee in Poughkeepsie, New York has been paying other county jail systems for housing inmates, but County Executive Marcus Molinaro wants to use some of the budgeted funds for temporary modular housing. According to midhudsonnews, he says this will achieve short-term savings until long-term …
Habitat for Humanity Wind River Country in Riverton, Wyoming will receive $15,000 from Wells Fargo to help build a modular home for a single mother and three children. Marking Habitat’s 16th house since 1997, and modeled after a similar program in Loveland, Colorado, the two modules will be constructed primarily …
Mortgage closing costs have risen on average six percent this year, from $2,264 to $2,402, based on a $200,000 loan with 20 percent down and good credit. Origination fees increased eight percent to $1,730, while third-party fees rose one percent to $672. With interest rates historically low in the past …
In a session with Zillow CEO Spencer Rascoff, President Obama fielded housing-related questions coming in via social media. Noting the recession and corresponding drop in home values was unlike anything seen in many years, he said refinancing could save homeowners $3,000 a year, although the housing market, while recovering, remains …
President Obama Discusses the U. S. Housing Market Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for August lost eight markets from the listing in July, dropping to 247 metropolitan areas that show improvement, but three times the number included one year-ago August. The index measures job growth, home price appreciation and single-family housing …
August 4-10 is being hailed in Washington, D. C. as National Building Systems Week, with demonstrations and model home and factory tours to educate consumers about the merits of off-site built housing. Sponsored by the Building Systems Council (BSC) of the National Association of Home Builders (NAHB), the event includes …
Systems Build Homes Celebrated in Nation’s Capital Read More
The latest data from Harvard University’s Joint Center for Housing Studies reports the rise in housing prices, while lauded by many, is driving many potential home buyers out of the market because incomes are not rising along with home prices. From 2001 to 2011 the number of households paying over …
Realizing the importance of manufactured home communities as supportive social networks, Karen Chase helped organize the Housing Stock Upgrade Initiative—now a non-profit called ReHome Oregon—to repair, rehabilitate, and replace manufactured homes. With help from a variety of federal, state and local public and private entities, residents of manufactured homes in …
Collaborative Effort will Improve Lives of Manufactured Home Residents Read More
Updating a story MHProNews published July 3, 2013 regarding the anticipated closing of the Dallas West Mobile Home/RV community set for Aug. 31, current owner Cienda Partners has extended the final date to Jan. 31. Hispanic rights activist Carlos Quintanilla, representing the residents, had asked for $8,500 relocation allowance for …
Residents Offered Relocation Costs as Community Sets to Close Read More
Updating a story MHProNews last published Feb. 15, 2013 regarding a freeze on rents residents of Easton Mobile Home Park won in Easton, Mass. in 2005, and then lost in 2011 when the freeze expired, community residents may see a rent control bill passed in the Mass. legislature that they …
Portable home generators are often used during prolonged power outages, especially due to extreme weather occurrences. A study simulating carbon monoxide (C0) levels in detached and manufactured housing commissioned by the U. S. Consumer Product Safety Commission (CPSC) reveals that a generator that operates for 18 hours in a house …
Manufactured Housing Residents May be at Risk using Generators Read More
The reality TV show “Duck Dynasty” about the backwoods family who started a lucrative duck call business and has now hooked up with Clayton Homes perpetuates the stereotype of people who live in manufactured homes (MH) as “rednecks,” an image the industry is trying to dispel. Kirk Walker of The …
The Department of Housing and Urban Development (HUD) has published a proposed ground anchor testing and installation rule for manufactured housing in the July 26, 2013 edition of the Federal Register. The proposal would adopt recommendations made by the Manufactured Housing Consensus Committee to determine ground anchor performance. Since there …
HUD Issues Ground Anchor Proposal for Manufactured Homes Read More
Ten years ago architect Stephen Kieran, noting you can drive the least expensive automobile through a thunderstorm at 70 mph and not get a drop of water inside, challenged the home building industry to do as good a job. Martin Holladay of Green Building Advisor says the technology for producing …
While the Manufactured Housing Association for Regulatory Reform (MHARR) reports the government-sponsored enterprise (GSE) finance reform bill in the House, called the Protecting American Taxpayers and Homeowners Act (PATH), is being prepared to move forward, there is no indication manufactured housing consumer financing is included. Although some industry reports say …
Manufactured Housing Finance Needs to be in Reform Bill Read More
Massachusetts’ controversial Chapter 40B provision allows developers to build housing complexes that do not conform to local zoning ordinances if the town does not have ten percent affordable housing in its stock. Belcherton, in west central Mass., has only 6.4 percent affordable housing, and its Board of Selectmen are considering …
Amendment would Change Definition of Affordable Housing Read More
With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70 homesite community became a Wisconsin limited-equity housing co-op corporation. The Northcountry Cooperative Foundation (NCF) provided leadership and technical support to the …
Wisconsin Land Lease Community Converts to Co-operative Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of …
On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs), which would include manufactured home loans. Imposed by the Dodd-Frank Act, mortgage loans are considered to be higher-priced if …
Exemption for certain Manufactured Housing Appraisals on Tap Read More
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site …
Two California Land Lease Communities Obtain Financing Read More
