Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while …
The 18 manufactured housing (MH) and recreational vehicle (RV) communities in San Angelo, Texas, each have different variances and maintenance regulations, and the city wants to establish uniform ordinances in response to the influx of workers drawn by the Eagle Ford Shale oilfield in southwest Texas. Concern resonates among city …
City Strives to Govern Manufactured Housing and RV Communities Read More
The Home Design Trends Survey reports consumer interest for pedestrian-friendly communities with mixed-use development grew from 45 percent in 2012 to 58 percent this year. Further, the American Institute of Architects (AIA) says preference for more access to recreational activities increased from 40 to 49 percent over the same period, …
Following up on a story MHProNews published Sept. 18, 2013 regarding a survey of manufactured home owners and community operators being conducted by the Queensland, Australia government, respondents must reply by Dec. 20. The survey includes questions on a range of topics including sales, operations, utility charges, rent increases and …
Survey of Manufactured Home Owners/Operators ends Dec. 20 Read More
Following a post MHProNews last covered April 29, 2013 regarding the housing needs of the Attawapiskat of northern Ontario, Canada, bidding on a $2.2 million contract will close Mon., Dec. 16. It ‘s part of a larger $11.5 million, 15 project, five-year plan to increase the affordable housing stock for …
The first multifamily modular housing apartment units to hit Long Island’s (New York) Nassau County received a grand opening last week. The 29-unit gated community in Hempstead, NY, Village Lofts has one-and two-bedroom units, some at market rates and some moderately priced. Built by Clayton Homes, the apartments feature high-tech …
Manufactured housing communities and apartment buildings in Mankato, Minnesota will have an additional six months to adjust to the two percent increase for water and sewer service charges, according to mankatofreepress.com. The increase, intended to get revenues more in line with costs, was originally scheduled for Jan. 1, 2014 but …
Utility Bill Increase for Manufactured Homes Delayed Six Months Read More
Following up on a post MHProNews last published May 7, 2013 regarding Wheel Estates Mobile Home Park in North Adams, Massachusetts becoming cooperatively-owned, the Rec Hall that serves the residents has undergone a complete transformation, with new ceilings and floors, new paint on the walls, and refurbished front and back …
Residents Taking Care of Business at New Community Cooperative Read More
The Board of Supervisors of Lakeport, California will hold a public hearing regarding Caritas Affordable Housing Inc.’s acquisition of Sterling Shore Estates Manufactured Housing Community. According to what lakeconews.com tells MHProNews, the board will also consider a joint exercise of powers agreement between the county and the California Municipal Finance …
Supervisors to Consider Acquisition of Land Lease Community Read More
Over 150 residents representing 30 manufactured home communities (MHCs) attended an informational seminar in Pismo Beach, California hosted by Golden State Manufactured Home-owners League (GSMOL), San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team. David Loop discussed the steps involved in attaining community ownership status, …
Speakers Address Rights of Manufactured Home Community Residents Read More
A proposal by the Austalian Tax Service to apply the ten percent Goods and Services Tax (GST) to manufactured home communities (MHCs) has residents of the communities up in arms, MHProNews has been informed. A ten percent increase at Sunstrip MHC in Blacksmiths would result in a $1000 a year …
Aussie Proposal would Hit Manufactured Home Communities Hard Read More
A manufactured housing community (MHC) senior rent control initiative may become law when it goes on the ballot for voters to decide in Lakeport, California on the June 2014 referendum. The Board of Supervisors voted unanimously to put the measure to the people after the group, “Save our Seniors,” collected …
Two manufactured housing communities (MHCs) in Pleasant Prairie, Wisconsin in the southeast corner of the state may lose their licenses to operate Dec. 31, 2013 unless they correct zoning and building violations. Westwood Estates Manufactured Housing Community must remove a pile of dirt and repair a stockade fence as conditions …
The Northwest Cooperative Development Center (NWCDC) assisted the residents at the 59-homesite manufactured home community Thunderbird in buying their community for $1.57 million, now named Whispering Pines Homeowners Co-op in Oak Harbor, Washington. Households each buy one low-cost share to become members of the co-op which gives them one vote …
Manufactured Housing Community becomes Resident-Owned Read More
A group of ten families from the Basalt, Colorado Pan and Fork land lease community, which is scheduled for redevelopment, have formed an action committee seeking better relocation options from the owners, which includes the Roaring Fork Development Corp. (RFCDC) and the town of Basalt. The “Workers for Justice and …
Residents to be Displaced want Better Housing Options Read More
Ever since a contractor accidentally cut power to the Beladean Trailer Park in Surrey, British Columbia, Canada two-and-one-half months ago, the remaining six residents (down from 11 since Sept.) have relied on generators for heat, but have been without phone service. MHProNews has learned from metronews.ca the manager of the …
The Minneapolis Multifamily Housing office, which serves people in the Dakotas, Iowa, and Wisconsin as well as Minnesota, will continue to offer financing, mortgage insurance and operating assistance to a variety of multifamily apartments, nursing homes and manufactured home communities, according to the Department of Housing and Urban Development. U. …
Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly …
Seller Identified in Manufactured Housing Community Transaction Read More
Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine …
Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from …
