Rep. Nathan Ramsey of the North Carolina House of Representatives has introduced a bill that would restrict counties from limiting the siting of manufactured homes, as natlawreview informs MHProNews, saying the measure is necessary to enlarge the inventory of affordable housing. House Bill 769 would allow MH to be located …
Updating a story MHProNews first covered Sept.16, 2011 and last covered Dec. 17., 2012 regarding modular housing for Canada’s Lake St. Martin First Nation which has been flooded out since spring, 2011, the brandonsun reports the Canadian government and tribal leaders have finally agreed on a site. Located just under …
Following MHProNews story line from Wed, May 22 about legislation in Iowa, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) tells us the House has passed property reform tax bill SF 295 that will treat apartments, MHCs and nursing homes the same as residential property. Effectively, beginning with taxes …
The Wall Street Journal informs MHProNews three senior executives at Sam Zell’s Equity International (EI) real estate company resigned this week on the heels of the head of capital markets departure, as well as co-founder of the fund and CEO Gary Garrabrandt, who left last Sept. Chief Operating Officer Ira …
Following up on a post MHProNews last published April 8, 2013 regarding a lawsuit filed against an MHC owner for allegedly violating Penn. law requiring payment relocation expenses to residents of communities that close, realestaterama says Attorney General Kathleen G. Kane has settled with the owners. Kenneth Mayes, II and …
MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013. Held at the Hilton Chicago, as MHProNews has learned independently, Northstar Realty Finance Corp. will also be among the presenters at …
MyMotherLode tells MHProNews Columbia Mobile Home Park in Columbia, Calif. east of San Francisco, may lose its water and sewer service June 5 unless a $17,884.35 overdue bill is paid. A notice to that effect was posted May 21 at the community which has 63 homesites, 13 of which are …
Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 …
The tri-cityherald informs MHProNews the Clover Leaf land lease community in Kennewick, Wash. was sold in February, 2013 to BW Land which is developing the 22 acres into a waterfront of shops, condos, and hotels. BW sent out eviction notices to residents, giving them 30 days to move, but retracted …
According to what 4-traders tells MHProNews, Sun Communities, Inc. has secured a $350 million revolving line of credit with the option for an additional $250 million. The secured loan has a four-year term but can be extended for an additional year. Interest on the loan is floating, and can range …
According to what the benningtonbanner tells MHProNews, a complaint filed April 30 against John M. Bushee, Jr., owner of Sunset Farm Mobile Home Park of Bennington, Ver. may lead to foreclosure of the community. Sunset Farm has issues with providing clean water to its residents going back to Dec. 2007, …
Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations …
The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long …
According to thepublicopinion from Watertown, South Dakota, a public hearing has been set for May 20, 2013 regarding Pelican Plaza LLC’s application for a conditional use permit for its existing manufactured home community. The public is invited to attend or send written comments to the Codington County zoning officer. As …
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1 …
The lowellsun informs MHProNews Massachusetts Attorney General Martha Coakley is supporting legislation to establish a dispute resolution process between residents and owners of manufactured housing communities, streamline community rules approval, and require certificates verifying the water and sewer systems are in working order. Appearing before the Joint Committee on Housing …
MHProNews has learned from the columbiamissourian, the Columbia City Council of Columbia, MO has voted to annex 25.2 acres occupied by the High Hill Circle land lease community which will add to the city’s affordable housing stock. City zoning is essentially the same as in the county, and will not …
Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by …
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The portlandtribune reports a huge tree that uprooted and fell down an embankment into the Sieben Creek behind the Shadowbrook Mobile Home Park Dec. 12, 2012 in Clackamas, Ore. has apparently ceased to cause problems. The residents’ major water line damaged by the tree was repaired Dec. 28, but the …
Craig’sDetroit notes southeast Mich. is home to two of the largest owners of manufactured home communities. RHP Properties of Farmington Hills is the largest privately-owned MHC in the nation, having just competed a deal to acquire 71 more communities, bulging its portfolio to $2.25 billion, as MHProNews posted April 16, …
