The Homestead Exemption Program that provides tax relief to homeowners who are either 65 and older or permanently disabled applies to both manufactured and site-built homes in Marion County, Ohio, as marionstar informs MHProNews. The home has to be the principal residence and the occupants must have an adjusted gross …
Manufactured Home Residents could Receive Property Tax Exemption. Read More
In March, the Laramie (WY) City Council lifted the ban on the sale or transfer of mobile homes built prior to standards of the Department of Housing and Urban Development in 1976, as laramieboomerang informs MHProNews. In Dec. 2015 at issue was an ordinance restricting recreational vehicles (RVs) to no …
City Council to Consider Checkerboarding of Manufactured Homes and RVs Read More
News continues arriving to MHProNews in the wake of modular builder Innovative Building Systems’ (IBS) sudden Chapter 7 bankruptcy, which we last covered May 16, 2016, as dailyitem reports 280 people at the Excel Homes plant in Liverpool, PA have lost their jobs, effective May 13. Begun in 1984, other …
A house built in 1775 in Hartford Village, Vermont was demolished last month, leading to calls for a new ordinance that would protect historic properties, as MHProNews has been informed by vnews. The house was built by Benjamin Wright, Jr., whose father was one of the founders of the town …
Historic House Razed for Siting of Net Zero Modular Homes Read More
Updating a story MHProNews posted May 7, 2016 regarding the bankruptcy of Innovative Building Systems (IBS), which owns Keiser Homes of Oxford, Maine, modularhomecoach reports customers who have placed deposits on homes may be out of luck. Autumn Poulin put down a $20,000 deposit on a three-bedroom, 2-1/2 bath modular …
Deposits on Modular Homes may be Lost in Bankruptcy Read More
Since 1969, the Federal Housing Administration’s (FHA) Title 1 program has insured mortgage loans made by private lending firms to finance the purchase of new or used manufactured homes (MH), designed to increase the availability of MH financing. In a draft of the Title I section of its Single Family …
Comment Period Open Regarding Title 1 FHA Handbook Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease …
Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More
According to Neal Gabler, writing an article entitled The Secret Shame of Middle-class Americans in the May issue of The Atlantic, a Federal Reserve study from a year ago reports that nearly half of Americans would be hard-pressed to come up with $400 in an emergency—and he includes himself in …
As More People Live on the Edge, Payday Lenders Provide Valuable Service Read More
A United States District Court jury awarded the owner of Colony Cove manufactured home community (MHC) $3.3 million in damages against the city of Carson, California for violating his constitutional rights by repeatedly rejecting his proposed rent increases going back to 2006. According to dailybreeze, owner James Goldstein, the largest …
Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC Read More
With a focus on people who cannot qualify for a mortgage, especially low-income families who have been denied bank lending, a revival in seller-financed home sales has attracted the attention of the Consumer Financial Protection Bureau (CFPB) because of concern some of the dealings may violate federal truth-in-lending laws. One …
According to a report courtesy of HousingEconomics.com, the National Association of Home Builders (NAHB) states that 24.3 percent of the average cost of a new single-family home is the result of government regulations at all levels. Three-fifths, or 14.6%, of the eventual house price comes from regulations imposed during the …
Regulatory Costs for New Home Construction Keep Climbing Read More
The U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely …
New Housing Trust Fund has $174M to Acquire Affordable Housing Read More
Following a post MHProNews published April 30, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in St. Anthony, a suburb of Minneapolis, tcdailyplanet reports residents of the community have gathered to discuss their options in trying to maintain Lowry as their home. They would have to …
MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota Read More
MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it …
New Manufactured Home Community Considered for Alberta, Canada Read More
Director Richard Cordray, of the Consumer Financial Protection Bureau (CFPB), responding to complaints regarding complying with the so-called Know Before You Owe rule for homebuyers —formally, the TILA-RESPA Integrated Disclosure (TRID) rule implemented Oct. 3, 2015 –wrote a letter to financial trades members stating the bureau is considering making “adjustments” …
What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …
Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More
On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli …
MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending Read More
Eight months after issuing a stop-work order on what was said to be a modular home due to an ordinance violation in the Ward Ridge area of Port St. Joe, Fla., the order remains in effect and the home sits unoccupied, on wheels, and falling over. Owned by Robert Mike, …
Stop-work Order Leads to Uncertain Future of Factory-built Home Read More
Writing in nationalmortgagenews, Craig Nazzaro says there are two significant court cases now challenging the authority and structure of the Consumer Financial Protection Bureau (CFPB), both of which would have been avoided had the agency been established with a five-member commission to operate it, not a czar, and with congressional …
Challenges to CFPB Constitutionality could Create Financial Havoc? Read More
The Corsicana (TX) City Council unanimously approved a request from Thomas Douglas to site a manufactured home on property he owns on East Third Ave., as the corsicanadailysun informs MHProNews. “I have other property in town, but I cannot put a manufactured home on it,” said Douglas to the council. …
City Unanimously Approves Manufactured Home Siting Read More
