The Oaks of Rockford manufactured home community (MHC) in Rockford, Michigan is hosting a Grand Opening event on Friday, July 17 to welcome new manufactured home models to the 55+community. The Rockford Chamber of Commerce will participate in a ribbon cutting ceremony to celebrate the official opening. Open to the …
Michigan Manufactured Home Community Celebrates Grand Opening Read More
Add Parkland Estates Cooperative, Inc. of Litchfield, New Hampshire as the state’s 114th resident-owned community, according to Steve Varnum of the New Hampshire Community Loan Fund. What had been Hillsboro II Mobile Home Park became Parkland Estates June 26, 2015 when the residents of the 33 home site community negotiated …
Community Loan Fund Assists another Community into Co-Op Status Read More
Last month the Mashantucket Pequot Tribe in Connecticut broke ground on an affordable housing project of four modular units that will be ready for occupancy in September. There had been a rental housing wait list for years that produced few results. The tribe’s Housing Committee recently replaced it with selection …
Indian Tribe Installing Modular Homes on Reservation Read More
Following a storm that inundated Franklin County, Missouri, residents of Sleepy Hollow land lease community said Pin Oak Creek overflowed and flooded the community because a bridge built over the creek impeded the flow of the water. Firefighters rescued about a dozen people from the flash flood. Residents told fox2now …
Creek Overflows, Resident Evacuated from Land Lease Community Read More
The Fair Housing Act (FHA) does not allow discrimination in the buying, selling, use or renting of homes, which fall under the category of “intentional.” Under a recent ruling by the United States Supreme Court (SCOTUS), in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., 576 …
Supreme Court ruling could Open the Floodgates against Manufactured Home Community Owners Read More
Already the largest presence in the U. S. mortgage market, Wells Fargo (NYSE:EFC) is expanding its ambitions in the commercial real estate market, and more specifically, in the manufactured home community (MHC) sector. The acquisition of a $9 billion commercial loan portfolio from General Electric has imbued Wells Fargo with …
Wells Fargo Actively Pursing the Manufactured Home Community Loan Market Read More
MHPronews has learned from couriermail Ingenia Communities Group has acquired manufactured home community Upstream Bethania in its target market of Brisbane, Australia, and very near to Chambers Pines Lifestyle Resort, another recent purchase. The newest acquisition has 54 developed homesites, and work will begin immediately on the 74 additional approved …
Australia’s Ingenia Acquires Manufactured Home Community in Brisbane Read More
While the startribune informs MHProNews that manufactured homes (MH) were the original affordable housing in rural and suburban Minnesota, in the twin cities area of Minneapolis-St. Paul the number of occupied MH has fallen 12 percent since 2001 to 13,660 homes. Nationally, the number of manufactured homes shipped dropped drastically …
Demand Continues for Manufactured Homes in the Twin Cities Read More
Our goal in presenting news and views from the manufactured and modular home industry is to help you, our readers, make the best possible decision in your business. To that end, we continue to upgrade our presentation to better inform you. In this week’s news you will read of developments …
Manufactured Housing’s Sunday Morning Weekly News Recap June 28 to July 5, 2015 Read More
The appeal to people who cannot afford traditional built homes is leading the city of Medicine Hat, Alberta, Canada to alter its land use rules for manufactured and modular homes so that any singe-detached home can be classified as a dwelling and sited anywhere in town. Planning Commission Chairman Brian …
The Miami Everglades RV Resort in southwest Miami has been sold for $9.84 million by Miami Everglades Campground of Friendswood, Texas to MHC Miami Everglades, which is part of Equity LifeStyle Properties, Inc. (NYSE:ELS) of Chicago. Developed in 1970, the property includes cabins, a main store and a swimming pool. …
Equity LifeStyle Acquires Recreational Vehicle Resort in Florida Read More
With buyers experiencing difficulties finding financing to buy manufactured homes (MH), UMH Properties, Inc. (NYSE:UMH) President and CEO Sam Landy says the company is doing well with rentals and expects occupancy rates to reach “high 90 percent,” according to reit. Noting that the company intends to add 500 rental units …
Rentals Increasing for UMH; Date Set for Releasing Q2 2015 Results Read More
Updating a story MHProNews last posted June 16, 2015 regarding the repurposing of a manufactured home community (MHC) into a senior’s health care facility, thenownewspaper reports the Surrey (British Columbia, Canada) City Council has for the second time delayed approval of the project, this time in a 5-4 vote. With …
Redeveloping Land Lease Community Put on Hold Again Read More
Randall K. Rowe, Chairman of Green Courte Partners, LLC has been chosen to lead a global organization dedicated to creating communities that are livable, economically prosperous and environmentally sustainable. As Global Chairman of the Urban Land Institute (ULI), an education and research non-profit founded in 1936, Rowe will have three …
Urban Land Institute Chooses Randall K. Rowe as Chairman Read More
MHProNews has learned Capital One arranged an $11.9 million fixed-rate Freddie Mac loan to refinance Catalina Village, an all-age manufactured home community (MHC) in Phoenix, Arizona. The borrower has owned Catalina for 20 years and regular investments in capital improvements have helped maintain a high occupancy rate. Proximity to two …
Capital One Arranges Financing for Manufactured Home Community Read More
In a legal ruling similar to one MHProNews reported June 29, 2015, regarding the siting of manufactured homes (MH) within a jurisdiction based upon age, Lake County, California is proposing to exclude homes older than ten years, but with exceptions. If the home has been owned by the applicant for …
MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors …
SSK Communities Plans Revamping of Manufactured Home Community Read More
The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became …
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now …
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). …
Insider Trading at Sun Communities: Randall K. Rowe Read More
