Manufactured home community owners in Bismarck, South Dakota are complaining that special assessments imposed by the city council on manufactured home sites are double those of lots for single-family homes, adding it puts an unfair burden on those who can least afford it. Residents pay taxes on their homes and …
Special Assessments on MHC Sites draws Ire of Owners Read More
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance …
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention …
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
From midsouthnewz, MHProNews has learned Terra Nova Asset Management has increased its holdings in Real Estate Investment Trust (REIT) Sun Communities (NYSE:SUI) by 4.8 percent in Q3 2015, according to an SEC Form 13F filing. The institutional investor added 410 shares during the quarter and now owns 8,900 shares of …
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites …
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought …
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15 …
Sun Communities ordered to Remove Tree or be Fined Read More
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied …
Spruceland of Canada selling both Manufactured Home Communities Read More
Word has arrived from New South Wales (NSW), Australia that manufactured home community (MHC) owner Ingenia Communities has acquired South West Rocks Tourist Park in NSW for $8.5 million ($6.03M USD), but only the business and not the land, reports abc.net.au. As MHProNews posted Oct. 21, 2015, Ingenia acquired Lakeside …
Ingenia Buys Tourist Park, Adding 54 Manufactured Homes Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured …
FHFA Proposal could Reform Sale of Manufactured Homes Read More
As MHProNews reported April 25, 2014, Stonecliff Properties was replacing the infrastructure at its Port Edward manufactured home community (MHC) in the far northwest of British Columbia, Canada in Port Edward, just south of Alaska. Stonecliff restricted access to the community to work vehicles and equipment only, from April 28 …
Residents Removed from Land Lease Community in north British Columbia Read More
A writer posed a question to columnist Roy Booker in the quadcitytimes asking what are the rules regarding siting a manufactured home (MH) on a private lot in several Iowa cities. Ryan Rusnak, in Community Planning & Economic Development for the city of Davenport, said an MH could occupy any …
What’s New in public focused Manufactured HomeLivingNews.com Why Families, Singles and Couples are Attracted to Good Manufactured Home Communities Police Chief’s Wife is on Town Council and Loves Manufactured Home Living What’s New in Manufactured Housing Industry Professional News Homeless Housing in Dublin in Dispute. FEMA CA Wildfire Housing to …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 6-Dec. 13, 2015 Read More
In a letter from “Voice of the People” in theledger, MHProNews and MHLivingNews Publisher L. A. “Tony” Kovach appeals to his Florida neighbors to contact their congresspersons, and encourage them to attach a rider to a must-pass appropriations bill that will expand financing options for MH buyers/sellers. But he can …
Kovach asks Community to Contact Congress in Support of S 682 Read More
MHProNews has learned from washingtontimes that the owners of the Arbor Americana Manufactured Housing Community of Flat Rock, Michigan have settled a lawsuit over sewage overflows brought by the Michigan Department of Environmental Quality. The state alleges the MHC owners, in neglecting to repair the wastewater system, exposed residents of …
In a step towards rebuilding the lives of those displaced by the wildfires in northern California, as MHProNews last reported Nov. 4, 2015, nine of 15 manufactured homes (MH) provided by the Federal Emergency Management Agency (FEMA) will be ready for occupancy by the end of the week. Lake Village …
First FEMA Manufactured Homes will be for Seniors Displaced by Valley Fires Read More
Kingsley management, which had undercharged hundreds of residents for rent and water at three manufactured home communities (MHC) in three Colorado cities, initially offered payment options, but then threatened eviction, according to thedenverchannel. The company’s lawyer had told the residents in the Front Range MHC not to pay the back …
MHC Management Sets Payment Plan for Miscalculated Charges Read More
Long-time manufactured home retailer and community owner Mary “Irene” Younkin, 95, passed away in Columbus, Ohio, Dec. 5, 2015. She was chairwoman of Greenlawn Realty, and co-founder of Greenlawn Mobile Home Sales as well as Greenlawn RV Center, and several land lease communities. Inducted into the RV/MH Hall of Fame …
From Southfield, Michigan, the board of directors for real estate investment trust (REI)T Sun Communities, Inc. (NYSE:SUI) announces quarterly dividends on three different stocks, according to euroinvestor: $0.65 per share of common stock payable Jan. 15, 2016 to shareholders of record Dec. 31, 2015; $0.4453125per share on the Company’s 7.125% …
