SeekingAlpha tells MHProNews MHC owner Sun Communities, Inc. ranks number five of the REITS (real estate investment trusts)in the tax advantaged and high yield sector with a 5.56% annual yield. The Dow Jones REIT Index peaked at 356 in 2007, dropped to 86 two years later, and came back to …
The elkodaily reports from the northeastern part of Nevada, some years ago about 1,100 homes were given the wrong addresses, 75% of those in manufactured housing communities. Either the numbers are out of sequence or they are on the wrong side of the street in Elko, defying digital map-based software …
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to …
With scattered talk off and on about the possibility of their MHC being sold or closed, the 200 residents of Easton Mobile Home Park in Easton, Mass., long at odds with owner Morgan Management, LLC, have now definitely learned Easton is for sale, according to wicked local. Following Morgan’s acquisition …
MountainExpress informs MHProNews the U. S Environmental Protection Agency (EPA) is urging communities to apply for EPA’s Smart Growth Implementation Assistance (SGIA) program that will explore innovative strategies in four categories to develop healthier and more sustainable places to live, work and play. The goal is to develop solutions to …
MHProNews has learned from RVBusiness that Sun Communities, Inc. has purchased ten recreational vehicle communities in seven states from Wis. to Maine for $111.47 million. Of the 3,700 sites, approximately 40 percent have RVs under annual rental contracts. Southfield, Mich.-based Sun—a real estate investment trust (REIT)–also acquired cottages and homes …
MyWestTexas reports plans for a proposed manufactured housing community for Midland, Tex. have been withdrawn by Brant Greathouse, co-owner of the planned Stone Bridge Estates after learning the Midland City Council was not planning on approving the zoning change request. Council members questioned whether a C-3 commercial district is appropriate …
The Ledger tells MHProNews residents of MHCs around Fla. are organizing to pressure the Florida Legislature into enacting legislation that would link rent hikes to the Consumer Price Index (CPI) in their communities when a home changes hands. Ed Green says the current system is a deterrent to people interested …
Fla. MHC Residents Organizing to Change Rent Hikes Read More
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month …
IBerkshires reports the town of Williamstown, Mass. has applied for a $6.25 million Hazard Mitigation Grant to buy out Spruces Mobile Home Park, pay MHC owner Morgan Management $600,000, and remove the infrastructure so no one could live there. Bordering the Hoosic River, the area was hit hard by flooding …
The vernonmorningstar tells MHProNews from Lumby, BC in south central British Columbia, Canada the council has finalized a new set of zoning bylaws. One of them permits a laying hen on any lot that has a single-family dwelling zoned rural or residential, excluding manufactured home communities. (Image credit: iClipart)
Following up on an MHProNews story Feb. 1, 2013 about the 1,000 homes that were damaged in a flood in Bundaberg, Australia, Premier Campbell Brown toured the area and assured the people who are currently living in tents that at least 12 three-bedroom modular homes will arrive within two weeks …
Despite pleas from a homeowner’s association representative that no more MH be allowed in the Hillcrest subdivision in Abita Springs, Louisiana, nola reports the St. Tammany Parish Zoning Commission approved a request to site a manufactured home in the subdivision. The home would be situated among other factory-built homes that …
According to atl.gmnews, some 17 manufactured homes are being prepared for occupancy at Pine Tree Mobile Home Park in Eatonton, New Jersey for people who still do not have a place to call home as the result of Hurricane Sandy. The rents will be from $750 to $850 with the …
The CastinePatriot informs MHProNews from Castine, Maine the owner of an MHC wants the town’s selectmen to convene a work session on affordable housing because he wants to convert a portion of his community to modular homes on full foundations. The selectmen disbanded the affordable housing committee last year. While …
The Asbury Park Press reports the federal government has sent $780 million in grants and loans to New Jersey for Hurricane Sandy relief. The figure includes over $300 million in housing assistance for 52,000 people and $338 million in loans from the Small Business Administration (SBA) for individuals and businesses. …
As follow-up to a story MHProNews last published Dec. 7, 2012, centredaily reports from College Township, Penn., since residents at the Hilltop Mobile Home Park received notices the community will close this Feb., city officials are considering whether to adopt an ordinance requiring developers to include a percentage of affordable …
Insidermonkey reports while the stock of some of the nation’s largest traditional home builders rose tremendously in 2012, investors should pay attention to manufactured home companies. Specifically, while noting the MH industry is at a distinct disadvantage because of the government’s support of the mortgage purchase programs, nevertheless Clayton Homes’ …
The AlvinSun reports the Alvin,Texas City Council heard representatives from 23 manufactured home communities request extensions of the five-year manufactured home ordinance variance that ended Dec. 31, 2012, with requirements they have not yet met. Because of not meeting the five year ordinance deadline to begin with, most of the …
Following up on a story MHProNews published Nov. 19, 2012 concerning the city of Fort Collins, Colo. and its responsibility to help MH residents displaced by development, the city has drafted a report to preserve affordable housing, and addresses the role of the city and property owners in assisting low …
