MHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, …
Tribal Member Qualifies for Mortgage on Modular Home Read More
Following a story MHProNews last posted April 11, 2015, regarding a program to site modular homes in Bluffton, South Carolina, as a means of expanding affordable housing, the Town Council voted to add six more homes to the initiative, at under $160,000 each, bringing the total to 30 available homes, …
A reality show set to premiere on the DIY (do-it-yourself) network this fall will document the production of a modular home by Commodore Homes in Goshen, Indiana, and follow its route down highways and through La Porte, Indiana to its siting in a neighborhood. “Not everyday (do) you see a …
TV Show will Document Production and Siting of Modular Home Read More
In a new report the Mortgage Bankers Association (MBA) said, according to its Mortgage Credit Availability Index (MCAI), availability of mortgage credit rose 0.5 percent in April to 122.0 following an increase in March of 2.3 percent to 121.4. MHProNews has learned from housingwire the index was benchmarked at 100 …
Mortgage Credit Rises, but Remains Well Below the 2006 Peak Read More
Steven Hill of Septen Financial proposed to the Rossland City Council of British Columbia, Canada that the city provide land for 14 to 18 modular homes that would be built for seniors in Kelowna, BC, and be sited in Rossland. He suggested a team of builders and finance officers would …
Affordable Modular Housing for Seniors Possible in British Columbia Read More
In today’s news: retail sales were unchanged last month, Macy’s may roll out a lower line of goods as the middle class shrinks, and U. S. crude oil output fell 25,000 barrels a day to 12.6 million barrels in April. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped for …
According to theaustralian, the initial public offering (IPO) of 117.3 million new shares at $2 per share for manufactured home community (MHC) owner Gateway Lifestyle will bring in $234.7 million gross. The total will comprise 255.2 million shares, including existing shares, equating an overall value of $510 million. Gateway’s price …
Australian Manufactured Home Community Owner Issues IPO Read More
Nadeen Green, a For Rent Media Solutions’™ (FRMS) legal counsel, is a Fair Housing attorney who has taught Fair Housing Law to the multifamily housing industry since the Fair Housing Amendments Act went into effect in 1989. She is also education director for a small non-profit called International Fund for …
Fair Housing Attorney Honored for Children’s Housing Accessibility Book Read More
Northern Ocean Habitat for Humanity will be hosting a modular home building project at the Jersey Shore Festival in Seaside Heights, New Jersey and is urging visitors to help build the home. The 1,000 square foot house, being built with support from Coastal Modular Group, Woodhaven Lumber, Motor Media USA …
Habitat for Humanity Building Modular in New Jersey Read More
U. S. Senate Banking Committee Chairman Richard Shelby (R-Ala.) has included in The Financial Regulatory Improvement Act provisions to improve access to affordable financing for manufactured home buyers. Identical to S. 682 the Preserving Access to Manufactured Housing introduced in the Senate, as well as HR 650, which was passed …
Senator Richard Shelby Offers Bill to Improve Access to Financing Manufactured Homes Read More
The British magazine House Beautiful is launching its own line of modular homes aimed at the over three million adult children living with their parents because they cannot afford to rent or buy. Starting at £110,000, about $70,400 at today’s exchange rate, the homes are available in six designs, can …
Headlines on CNNMoney: Volvo will bring 4,000 jobs to South Carolina, Harriet Tubman may be on the next $20 bill, rich men drink more than anyone else, second quake rocks Nepal, and millennials are filling up the workforce. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.41 percent, to …
MHCV, Most Tracked Manufactured Housing Stocks Decline Read More
MHProNews has learned from newsobserver that the Orange County Commissioners in North Carolina have approved a five-year plan that will be submitted to the federal government to provide affordable housing and repairs for residents in the Chapel Hill, NC area. The Department of Housing and Urban Development (HUD) requires recipients …
CDBG Funding Disallows Manufactured Home Repair; Local Initiative Needed Read More
The Midland Planning and Zoning Commission in Midland, Texas approved plans for a new manufactured home community (MHC) featuring a central park, a hiking and biking trail and up to 320 homes. One resident complained that two of the nearby roads had not been repaired in 35 years and that …
Included in the huffingtonpost‘s How World’s Fairs have Shaped the History of Architecture is Moshe Safdie’s modular apartment complex from the 1967 Expo 67 in Montreal, Canada. The 354 identical concrete modules became 158 apartments, connected by steel cables, and stacked in a variety of combinations that delivered the maximum …
A new study of homeownership, home values and income growth from 2000 to 2013 by the National Association of Realtors (NAR) indicates 90 percent of metropolitan housing markets have seen a decline in homeownership rates. Rising home values and static incomes are widening the wealth gap which is leading to …
Rents are Rising—Manufactured Home Living more Reasonable than Ever Read More
In the news: China is beating the U. S. in health research, Uber may be worth more than FedEx, investors are asking where all the Greece bailout money has gone, T. Boone Pickens says he cannot afford a Tesla, and two of Coke’s products each lost nine percent recently. Meanwhile, …
Deer Valley Plummets 46.15 Percent; MHCV Falls 1.85 Percent Read More
The Recreational Vehicle/Manufactured Housing (RV/MH) Hall of Fame’s annual induction dinner to honor the Class of 2015 will be held at the Hall’s Northern Indiana Event Center in Elkhart, Indiana August 3, as Chairman Darryl Searer has informed MHProNews. Inductees chosen to be honored this year are: Bert V. Alanko, …
The California Mobilehome Parkowners Alliance (CMPA) will honor seven manufactured housing industry members at its symposium May 31-June 1, 2015 in Las Vegas. Barry Cole of Manufactured Housing Insurance Services will receive top honors as recipient of The Chelu Travieso-Earhart Lifetime Achievement Award. Attorney Phil Woog will receive the Freedom …
Manufactured Home Community Owners Group to Bestow Awards, Discuss Issues Read More
Dubbed the Miracle of Milan, the residents of what had been Bob’s Mobile Home Park in Milan, New Hampshire were able to convert the 18-homesite community into a cooperative in ten days. Now called Deer Estates Cooperative, Inc., the community was to be sold at a foreclosure auction April 21. …
Manufactured Home Community Becomes 113th Co-op in New Hampshire Read More
