Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
MHProNews has learned from nationalmortgagenews that Rep. Patrick McHenry (R-NC) says the House passed a measure last week that would regulate how points and fees are calculated under the Consumer Financial Protection Bureau’s (CFPB) “qualified mortgage” rule, but Sen. Elizabeth Warren (D-MA) adamantly opposes a similar measure in the Senate. …
‘Warren Effect’ Stymieing Financial Regulatory Relief Read More
A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising …
Enriched Mobile Homes to be Taxed as Personal Property Read More
When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv …
Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company, …
Portion of Manufactured Home Community may see Commercial Development Read More
Aldermen in Pierce City, Missouri have denied Ken Madison’s attempts to replace manufactured homes (MH) on his property because the sites have been vacant over 60 days, and he intends to sue for $25,000 loss of income. Madison originally purchased the manufactured home community and has used it as such …
MHProNews has learned from prnewswire that Nobility Homes, a Florida-based producer of manufactured and modular homes for more than 47 years, has qualified to trade on the OTCQX® Best Marketplace under the symbol NOBH. R. Cromwell Coulson, President and CEO of OTC Markets Group, said, “We are proud to welcome …
Nobility Homes now Trading on Over-the Counter Market Read More
Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a …
The National Association of Home Builders (NAHB) urged federal regulators and Congress to ease tight mortgage standards so that credit worthy borrowers could contribute to a stronger recovery of the housing market. NAHB Chairman Tom Woods testified before the Senate Banking Committee that was examining barriers to obtaining mortgage credit. …
NAHB Appeals to Congress to Ease Credit for Homebuyers and Contractors Read More
MHPronews has learned from housingwire a bipartisan majority of the House of Representatives voted to increase transparency of the Consumer Financial Protection Bureau (CFPB). The Bureau Advisory Commission Transparency Act, H. R. 1265, sponsored by Rep. Sean Duffy, (R-WI) received 401 votes with only two opposed, that would subject the …
House Votes Overwhelmingly to Increase CFPB Transparency Read More
Mary McBrady, the Executive Director of the Massachusetts Manufactured Housing Association (MMHA) informs MHProNews that newly-elected 6th District Congressman Seth Moulton of MA broke ranks with Democrats to vote in favor of H. R. 650 Preserving Access to Manufactured Housing in its 263 yeas to 162 nays victorious passage in …
Rep. Seth Moulton Breaks Ranks with Dems on H. R. 650 Read More
In Massachusetts, state law Chapter 40B requires communities to have ten percent of their housing stock considered as affordable, and penalizes jurisdictions that do not. After unsuccessfully trying to get state legislative assistance in counting manufactured homes as affordable in order to meet the quota, Wareham is attempting to do …
Town Seeks Manufactured Homes Classified as Affordable to Satisfy State Read More
Writing in Manufactured Home Living News, MHProNews publisher L. A. “Tony” Kovach says those opposed to the passage of the Preserving Access to Manufactured Housing Act, H. R. 650, which is scheduled to reach the House Floor for a vote this Tuesday, are fueling the mainstream media with misinformation about …
H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More
In this week’s news, although we did not cover it, we are reminded of the power of nature as a tornado devastated a small town in Illinois. Otherwise, H. R. 650 may hit the House Floor this week. Can Tiny Homes site in MHCs? Modular housing being weighed in Boston, …
Sunday Morning Recap–April 5, 2015 to April 11, 2015 Read More
Following a story MHProNews last published March 11, 2015 about affordable modular homes on the planning board in Bluffton, South Carolina, the town’s Affordable Housing Committee voted to recommend to the Town Council a series of six modular homes by R-Anell Homes. The goal is to encourage redevelopment of blighted …
South Carolina Town Seeking Affordable Modular Housing Read More
The Mobile Home Review Board in Vista, California was created by the city to hear disputes between manufactured home community residents and community owners, and to encourage fair treatment, as thecoastnews informs MHProNews. Three residents of the Green Valley Mobile Home Park had a hearing with the board April 2, …
Review Board agrees with Manufactured Home Community Owner Read More
The Manufactured Housing Institute (MHI) informs MHProNews it is imperative industry stakeholders and members contact their representative in Congress to urge them to vote for the Preserving Access to Manufactured Housing Act (H.R. 650) that is expected to hit the House Floor Tuesday. D.C.-based consumer groups are working on the …
Tell your Congressional Representative to Vote Yes on H. R. 650 Read More
MHProNews has learned from santaclaritafree that Santa Clarita, California resident Douglas Fraser is trying to rally residents to lobby city council on several issues he says the council has ignored, including one regarding site rents at manufactured home communities (MHCs). He is reaching out to others who also have issues, …
Resident wants to Challenge Manufactured Home Site Rents Read More
