Updating a story MHProNews.com last published Nov. 8, 2013 regarding flood-prone Spruces Mobile Home Park in Williamstown, Massachusetts, town Selectmen signed a notice of discontinuance that will close the community Feb. 29, 2016. According to the Massachusetts Manufactured Housing Act, residents are entitled to at least two years written notice …
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 …
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the …
Manufactured-home Community Surrounded by High-end Property Read More
MHProNews.com has learned from newssun.com that residents of Tanglewood manufactured housing community in Sebring, Florida were instrumental in raising $65,100 during 17 events for cancer research as part of the Tanglewood Residents’ Cancer Benefit. The Feb. 18 Benefit Bash was held in Tanglewood’s clubhouse, sponsored in part by community owner …
Manufactured Home Community Residents Support Cancer Reseach Read More
In a commentary by MHProNews.com‘s publisher L. A. ‘Tony” Kovach, noting a recent advertisement by the Manufactured Housing Association for Regulatory Reform (MHARR) targeted to industry lenders who are members of the Manufactured Housing Institute (MHI) in an attempt to have them join MHARR, he alludes to a 1971 Pogo …
Pooling Resources for Manufactured Housing, or Pulling them Apart? Read More
Following up on an article MHProNews.com published Feb. 18 regarding the possible closure of the Applewood Park manufactured housing community (MHC) in Midvale, Utah, state representative Tim Cosgrove (D-Murray) has introduced HB 108 that would establish a task force to identify issues dealing with manufactured home ownership. Noting 10,000 seniors …
Bill Establishing Manufactured Housing Task Force Filed Read More
The Dobson, North Carolina Board of Commissioners unanimously approved a rezoning request to convert property originally zoned RS, residential suburban, to RMS, residential manufactured home (MH), which allows the landowner to site an additional MH in a manufactured home community (MHC). As mtairynews.com informs MHProNews.com, landowner Harry Folger purchased two …
Landmark Properties wants to redevelop the 56-site Arrowhead Village manufactured housing community (MHC) in Flagstaff, Arizona into a 191-unit student housing complex. As the azdailysun.com reports, a meeting designed to meet the city’s zoning requirements and introduce the project to the public drew 100 people who wanted to know about …
Manufactured Housing Community Owner Plans Redevelopment Read More
Ashland Holdings LLC, a subsidiary of Great Plains Holdings, Inc. has completed its phase 1 purchase of two parcels of land in Wildwood, Florida, which include a manufactured home that will be rented, and a 1,400 square-foot corporate office building, part of which Ashland will use and the other part …
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s …
Following a story MHProNews.com last posted Jan. 20, 2014, the board of directors of Killam Properties, Inc. (TSX:KMP) once again announces it has declared a dividend of $0.05 per common share, to be paid on March 17, 2014 to shareholders of record Feb. 28, 2014. As wsj.com reports, Killam continues …
Following a story MHProNews.com posted earlier today, Feb. 18, about a boil water order for Ripley’s Manufactured Home Community in Muscatine, Iowa, muscatinejournal.com reports that the boil order remains in effect through today until the water can be tested for bacteria. The well malfunction has since been repaired, although several …
The mayor and city council of Midvale, Utah, just south of Salt Lake City, sent a letter to ICO Multifamily Holdings LLC, owner of Applewood Park manufactured housing community (MHC), asking that Applewood not be closed to make way for an apartment complex. Most of the residents of the 56 …
Residents Fear Manufactured Housing Community Will close Read More
About 320 residents of Ripley’s Manufactured Home Community (MHC) in Muscatine, Iowa are under a boil order issued Feb. 17 due to a well malfunction in the community. While the well has been repaired, as muscatinejournal.com informs MHProNews, staff at the community are waiting for results of water testing before …
Representatives from Clayton International Homes in Middlesboro, Kentucky and members of the Claiborne Planning Commission (CPC) in Clairborne County, Tennessee discussed new regulations governing manufactured homes being sited by their owners on privately-owned land. CPC Chairman Jerry Brooks wants to make sure roads in the developments are adequate for emergency …
Regulations Proposed for Manufactured Home Communities in Tennessee Read More
The Emmet County Board of Supervisors in Estherville, Iowa has granted a $448 tax abatement to the Green Acres manufactured housing community (MHC) for an abandoned home no one has lived in or paid taxes on for four years. As the esthervilledailynews.com tells MHProNews.com, Treasurer Vickie Jurrens attempted several times …
MHProNews.com has learned from Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), that the Iowa Legislature is considering House Study Bill (HSB) 638, which would provide for the creation of first-time home-buyer savings accounts. First-time manufactured home purchasers, whether in real estate applications or in communities, would …
The Municipal Planning Commission in Medicine Hat, Alberta, Canada is considering a modular home community just north of the Trans-Canada Highway if the city council agrees to rezone what has been prime highway commercial property. The first phase of the project would include 85 modular home sites on 15 acres. …
Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is …
Manufactured, Modular Homes Filling North Dakota Project Read More
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of …
