National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance …
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely …
Vertical Manufactured Home Community Built, then Scrapped Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention …
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11 …
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
Following the continuing saga of modular homes being built in Ballymun in Dublin, Ireland to house the growing homeless population, the Dublin City Council said, “the contractor’s security staff was threatened by persons unknown wearing balaclavas (ski masks). They were told to go back to the north or their machinery …
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites …
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought …
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15 …
Sun Communities ordered to Remove Tree or be Fined Read More
Following a pattern since Nov. 2014, as MHProNews has reported numerous times, Jeffrey L. Gendell is shedding more Patrick Industries, Inc. (NASDAQ:PATK) stock, this time 6,835 shares for $40.12 per share for a net of $274,220.20. Major shareholders that own ten percent or more of a stock are required to …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Federal Housing Finance Agency (FHFA) has issued a new “duty to serve (DTS) underserved markets” provision of the Housing and Economic Recovery Act of 2008 (HERA). However, the DTS credit will not be available under the proposal for …
MHARR Underscores Need for MH Chattel Loans to be Included in new Duty To Serve Proposal Read More
The Manufactured Housing Institute (MHI) informs MHProNews that congressional leaders have announced a $1.1 trillion omnibus appropriations spending bill to keep the government funded through fiscal 2016, but none of the Dodd-Frank Act reforms were included. Rep. Stephen Fincher (R-TN), the sponsor of the Preserving Access to Manufactured Housing Act …
Dodd-Frank Reform not Included in Omnibus Appropriations Bill Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured …
FHFA Proposal could Reform Sale of Manufactured Homes Read More
According to wareham-ma.village soup, Wareham, Massachusetts Selectmen Peter Teitlebaum reported to other members of the Wareham Board of Selectmen that he testified at a legislative hearing in Boston in support of Wareham’s home rule petition. It would allow the town to count manufactured homes as affordable housing in order to …
Massachusetts Town wants to Classify Manufactured Homes as Affordable Housing Read More
A public hearing by the Cold Spring (New York) Zoning Board of Appeals may determine if a three-bedroom modular house and accompanying garage may be sited at 230 Main St. across from Philipstown’s 1867 Town Hall, according to phillipstown.info. Prepared by Westchester Modular Homes for Sarah DeFranco, plans for the …
Modular Home Proposed for Long Vacant Historic Property Read More
As MHProNews reported April 25, 2014, Stonecliff Properties was replacing the infrastructure at its Port Edward manufactured home community (MHC) in the far northwest of British Columbia, Canada in Port Edward, just south of Alaska. Stonecliff restricted access to the community to work vehicles and equipment only, from April 28 …
Residents Removed from Land Lease Community in north British Columbia Read More
A bipartisan House supermajority has turned back the Consumer Financial Protection Bureau’s (CFPB) auto loan rules after discovering the agency was guessing the racial identity of auto borrowers and filing suit against the auto dealers for discrimination in lending, based on who they thought was a minority and who they …
CFPB based Car Loan Lawsuits on Information it Knew was Bogus Read More
A writer posed a question to columnist Roy Booker in the quadcitytimes asking what are the rules regarding siting a manufactured home (MH) on a private lot in several Iowa cities. Ryan Rusnak, in Community Planning & Economic Development for the city of Davenport, said an MH could occupy any …
Following a story MHProNews initially posted Nov. 13, 2015, regarding a new ordinance in Mohave County, Arizona that requires manufactured homes (MH) moved within the unincorporated areas of the county to be no older than seven years, MH owners protested at the County Commission meeting, leading commissioners to postpone voting, …
Commissioners Step Back from Restrictive Seven-year Ordinance Read More
What’s New in public focused Manufactured HomeLivingNews.com Why Families, Singles and Couples are Attracted to Good Manufactured Home Communities Police Chief’s Wife is on Town Council and Loves Manufactured Home Living What’s New in Manufactured Housing Industry Professional News Homeless Housing in Dublin in Dispute. FEMA CA Wildfire Housing to …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 6-Dec. 13, 2015 Read More
