A disabled veteran in Birch Run, Michigan has evidently received an eviction order from Birchwood Farms manufactured home community (MHC), and has been told he and his wife and three children have 30 days to leave. Although Gordy Harris says he has never been late on his rent, according to …
Disabled Vet gets Eviction Notice from Manufactured Home Community Read More
“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” says Stephan Wheeler, managing director and chairman of HAS Capital, LLC. HAS has just appointed Scott MacFarlane to manage the company’s manufactured housing (MH) funding programs and develop their national originations platform, …
HAS Hires MacFarlane for New Manufactured Housing Position Read More
Carefree Communities, Inc. of Scottsdale, Arizona acquired Central Park manufactured home (MH) and recreational vehicle (RV) communities in Haines City. Florida, April 23. Located 90 miles from Tampa and Orlando, the age-restricted 55+ Central Park MH has 110 homesites, and the Central Park RV community has 368 sites. Both communities …
Following a story MHProNews last published March 18, 2015, regarding Buncombe County, North Carolina officials considering lifting a ban on manufactured homes (MH) in all residential areas of the county, over a dozen residents spoke opposing it at a Board of Commissioners meeting April 7. Although the topic was not …
County Hears from Citizens Regarding Expansion of Manufactured Housing Read More
While many studies have shown that homeownership continues to be a large part of the American Dream, the Joint Center for Housing Studies at Harvard University reports in 2013 home purchases fell for the ninth consecutive year, and homeownership has dropped to 65 percent, the lowest rate in 20 years. …
Manufactured Housing may Become the New American Dream Read More
Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified in support of state Senate Bill 134 which would allow recovery of legal fees by manufactured home community owners and retailers who are wrongfully charged with civil rights and fair housing complaints. Williams told Senate Civil Justice Committee …
Although over 200 people who lost their homes in the Colorado flooding of 2013 would like to return to Lyons, CO, on March 24 over 50 percent of the town’s voters rejected a proposal to allow 50 to 70 units of affordable housing on five to seven acres of 25.66 …
Committee Member wants Manufactured Housing to Lure Flood Victims Back Read More
A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …
New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More
Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …
From marketwatch MHProNews has learned that Sun Communities, Inc. (NYSE:SUI), for Q1 2015 reports net income attributable to stockholders of $6.9 million, or $0.13 per diluted share as compared to $7.8 million net income for the same period of 2014 with $0.21 per diluted share. Same site net operating income …
Sun Communities reports Financials for Quarter ending March 31, 2015 Read More
A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising …
Enriched Mobile Homes to be Taxed as Personal Property Read More
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company, …
Portion of Manufactured Home Community may see Commercial Development Read More
Aldermen in Pierce City, Missouri have denied Ken Madison’s attempts to replace manufactured homes (MH) on his property because the sites have been vacant over 60 days, and he intends to sue for $25,000 loss of income. Madison originally purchased the manufactured home community and has used it as such …
Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a …
In Massachusetts, state law Chapter 40B requires communities to have ten percent of their housing stock considered as affordable, and penalizes jurisdictions that do not. After unsuccessfully trying to get state legislative assistance in counting manufactured homes as affordable in order to meet the quota, Wareham is attempting to do …
Town Seeks Manufactured Homes Classified as Affordable to Satisfy State Read More
In this week’s news, although we did not cover it, we are reminded of the power of nature as a tornado devastated a small town in Illinois. Otherwise, H. R. 650 may hit the House Floor this week. Can Tiny Homes site in MHCs? Modular housing being weighed in Boston, …
Sunday Morning Recap–April 5, 2015 to April 11, 2015 Read More
