The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle …
The available amount of manufactured home sites in 50 distinct California manufactured home communities (MHCs) is 1.34 percent as presented to the El Monte City Council Feb 24, 2015 by Kenneth K. Barr, who conducted the study. The city of El Monte has 33 MHCs consisting of 1,427 homesites, and …
The city commissioners in Polk City, Florida are proposing to amend the city’s land development code to protect manufactured homes as well other residences in case they are damaged or destroyed in the future. Since the area is zoned C-2, general commercial, the current code would not necessarily allow homes …
Although in Commercial Zone, Manufactured Homes would be Replaced Read More
ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …
The Mississippi Supreme Court upheld an appeal’s court ruling which gives the Cleveland Mobile Home Park in Richland, MS the right to re-rent vacated homesites in the manufactured home community (MHC). The city of Richland wanted to reduce density in the MHC, arguing homesite re-use was non-conforming and therefore in …
Manufactured Home Community has Right to Re-rent Homesites Read More
When David Sims received his property tax statement recently from the city of Raymond, Alberta, Canada, he was outraged that his yearly payment had increased from $411 to $1,111. Living on a fixed government pension in a manufactured home community (MHC) of 32 homes, his MH was assessed at three …
Property Tax Rolled Back in Manufactured Home Community Read More
Bud and Tiffni Graham’s plans to install manufactured homes received approval from the Planning and Zoning Commission in Bandera, Texas, just northwest of San Antonio, as bccourier tells MHProNews. Although sited in the floodway of the Medina River, the homes were to be placed on pilings to remain above a …
Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions Read More
Both of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, operate under a $30 billion cap for purchases of multifamily loans, according to costar. Since they each hit $10 billion in the first quarter, they would max out by the third quarter, leaving no available funds to finance deals …
FHFA Stretches Multifamily Affordable Housing Lending Categories Read More
MHProNews has learned Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation before the Senate Finance Committee. Of particular concern in the state budget bill (HB 64) is the requirement that, if a water system is …
Manufactured Housing Industry Objects to Ohio Legislation Read More
MHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, …
Tribal Member Qualifies for Mortgage on Modular Home Read More
Following a story MHProNews last posted April 11, 2015, regarding a program to site modular homes in Bluffton, South Carolina, as a means of expanding affordable housing, the Town Council voted to add six more homes to the initiative, at under $160,000 each, bringing the total to 30 available homes, …
According to theaustralian, the initial public offering (IPO) of 117.3 million new shares at $2 per share for manufactured home community (MHC) owner Gateway Lifestyle will bring in $234.7 million gross. The total will comprise 255.2 million shares, including existing shares, equating an overall value of $510 million. Gateway’s price …
Australian Manufactured Home Community Owner Issues IPO Read More
Nadeen Green, a For Rent Media Solutions’™ (FRMS) legal counsel, is a Fair Housing attorney who has taught Fair Housing Law to the multifamily housing industry since the Fair Housing Amendments Act went into effect in 1989. She is also education director for a small non-profit called International Fund for …
Fair Housing Attorney Honored for Children’s Housing Accessibility Book Read More
U. S. Senate Banking Committee Chairman Richard Shelby (R-Ala.) has included in The Financial Regulatory Improvement Act provisions to improve access to affordable financing for manufactured home buyers. Identical to S. 682 the Preserving Access to Manufactured Housing introduced in the Senate, as well as HR 650, which was passed …
Senator Richard Shelby Offers Bill to Improve Access to Financing Manufactured Homes Read More
MHProNews has learned from newsobserver that the Orange County Commissioners in North Carolina have approved a five-year plan that will be submitted to the federal government to provide affordable housing and repairs for residents in the Chapel Hill, NC area. The Department of Housing and Urban Development (HUD) requires recipients …
CDBG Funding Disallows Manufactured Home Repair; Local Initiative Needed Read More
The Midland Planning and Zoning Commission in Midland, Texas approved plans for a new manufactured home community (MHC) featuring a central park, a hiking and biking trail and up to 320 homes. One resident complained that two of the nearby roads had not been repaired in 35 years and that …
Dubbed the Miracle of Milan, the residents of what had been Bob’s Mobile Home Park in Milan, New Hampshire were able to convert the 18-homesite community into a cooperative in ten days. Now called Deer Estates Cooperative, Inc., the community was to be sold at a foreclosure auction April 21. …
Manufactured Home Community Becomes 113th Co-op in New Hampshire Read More
ROC Racks up Two More MHC Co-ops. Legislator Questions HUD Contract. HUD Code Production Rises. Modular Skyscraper Rises Quickly in China. Modular Future Questionable in NYC, as it Gains a Floor in Texas, adds Luxury Complex in Silicon Valley. Cavco Acquires Fairmont. MHCC Seeks MH Multifamily. Google Denied Modular Expansion. …
New York City is experiencing such a shortage of affordable housing that lotteries for affordable housing receive thousands of applications for a fraction of available units. According to modularhomecoach, state legislators in Albany are debating whether to renew the 421-a tax abatement, a program that promotes low cost residential development. …
Modular Building May be Forced out of New York City Read More
Elmwood Mobile Manor has transformed into Elmwood Homeowners Cooperative, purchasing the manufactured home community (MHC) with $2.16 million financing provided by ROC USA® Capital, the Mercy Loan Fund and the Washington State Housing Finance Commission. JP Morgan Chase’s CDFI (Community Development Financial Institution) Collaborative program supplied a $4 million grant …
ROC USA Facilitates another Manufactured Home Community to Become a Co-op Read More
