Financial regulators released the final Qualified Residential Mortgage rule (QRM) definition, intended to limit the risky credit lending that kicked off the housing crisis originally, and dropped the 20 percent down payment requirement that would have necessitated lenders keep five percent “skin-in-the-game.” Instead lenders have to meet the general definition …
After residents of a West Spokane, Washington manufactured home community (MHC) complained of dangerous conditions, the city said exposed wires presented a fire hazard and the community needs to be brought up to code, according to krem. “It’s the property owner’s responsibility to make sure that he’s providing for conditions …
Manufactured Home Community Needs to be Brought up to Code Read More
The 2014 Active Transportation Plan (ATP) of Calistoga, California originally included a pedestrian and bicycle pathway that wound around the Calistoga Springs and Chateau Calistoga manufactured housing communities (MHCs), but residents of the communities are overwhelmingly against the path. Seniors in the communities have safety and privacy concerns, leading the …
Manufactured Home Community Residents turn back Adjacent Path Plan Read More
Derek Tansell and his partner Sharon Snook were denied the right to site a manufactured home in a rural area of Chapmansdale Parish, England, in order for someone to live on the premises and take care of the couple’s alpacas, ponies, chickens, horses and ducks. According to fromestandard, the couple …
Application for Manufactured Home to Tend Animals Questioned Read More
According to 10news, San Diego County in California has approximately 2,000 homeless military veterans and many more who are low income. V Micro Communities President Bill Rigdon says he can build a 140 modular unit rental development in nine months, but permits through the city could take three years. Rigdon …
Residents of the Hala Point Mobile Home Park in Panama City, Florida are concerned that a 40-unit apartment development will increase flooding in the community because the county’s drainage system is inadequate, according to newsherald. County storm water engineer Josee Cyr says, “The drainage system out there is probably adequate …
Manufactured Home Community Residents Concerned Development will Increase Flooding Read More
Luci Ellis, the Australian Reserve Bank’s head of financial stability, addressing a Sydney University urban planning forum, says housing crashes do not increase affordability. “Housing prices are lower, yes, but capacity to pay is also lower,” she notes. Professor Kirk McClure of the University of Kansas, while noting the U. …
Australia Taking Lessons from U. S. Housing Crisis Read More
Instrumental in the formation of the Consumer Financial Protection Bureau (CFPB) and a strong proponent of financial reform, U. S. Senator Elizabeth Warren (D-Massachusetts), noting the rise in non-bank mortgage servicers, is asking the Government Accountability Office (GAO) to investigate the risks to consumers. A report by the Federal Housing …
Senator Elizabeth Warren Raises Concerns over non-bank Mortgage Servicers Read More
Commenting on The Atlantic‘s article about manufactured housing (MH), the CFPB and MH financing, Amy Bliss of the Wisconsin Housing Alliance, compliments the piece for citing facts such as: > energy efficiency, > less waste in the building process, > availability to middle-incomers, while acknowledging the difficulty in finding financing …
The Atlantic’s article on Manufactured Housing Evoked Comments Read More
Delaware District 37 Representative Ruth Briggs King, a Republican, is being challenged by Democrat Paulette Rappa, an educator and resident of a manufactured home community. MHProNews first covered King’s election of Nov. 2012 when she defeated another MHC resident, Beth McGinn. When asked about the problems facing MHC residents, Rep. …
DE State Rep takes on Democrat MHC Resident Challenger Read More
Since the formation of the Consumer Financial Protection Bureau (CFPB) in 2011, which the financial services industry fought to prevent, Republicans in the House and in the Senate have said it is an intrusion of government into the market. If the Republicans take control of the Senate in the upcoming …
If the GOP Takes the Senate, the CFPB may Take a Bath Read More
Following a story MHProNews last posted Aug. 18, 2014 regarding the conversion of an 83,000 square foot warehouse into a modular home manufacturing plant, the company, Renewable Jersey, LLC intends to hire 120 workers as part of the first phase, and received approval from the state’ finance board. Economic Development …
Under the current Sussex County (Delaware) code, manufactured homes (MH) are lumped together with hotels, motels and tourist homes, but a new proposal under consideration would consider them as dwellings, according to villagesoup. A public hearing on a proposed RV community and campground for Castaways at Massey’s Landing triggered the …
Following a story MHProNews posted Sept. 5, 2014 regarding a proposed 166 unit modular housing complex straddling the S. Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal has become an item for debate among candidates for the Maple Ridge Council election set for Nov. …
Council Votes for Modular Project; Candidates for Council Oppose it Read More
Following a story MHProNews last reported on July 2, 2014 regarding conditions and rent at the Easton Mobile Home Park in Easton, Massachusetts, the Board of Selectmen refused to roll back rents from $468 to $293. Acting as the Mobile Home Park Rent Control Board, the board members expressed fears …
Easton Rents Hold, but Community Owners Must Make Repairs Read More
According to sidneyherald, Robert Emery’s application to update his Sunrise Mobile Home Park in Richland County, Montana has been approved by the Richland County Commissioners. Recreational vehicles (RVs) will be banned from the community which will have 19 manufactured homes with 20 feet between each unit, a turnaround area for …
Sunrise Manufactured Home Community will see Upgrades without RVs Read More
The owners of Blacksburg Estates manufactured housing community (MHC) in Virginia are reformatting their plan to move 20 manufactured homes to the other side of the 33.5 acre community after residents and others protested the rezoning request to develop most of the community. Owners Frank Bruno and Don Carter wanted …
Manufactured Housing Community will Continue as Affordable Housing Site Read More
The former property manager of Mobile Manor manufactured home community in North Platte, Nebraska has been sentenced to 90 days in jail for embezzling $18,000, and has been ordered to pay restitution at the rate of $100 a month following her sentence until the debt is paid. Barbara Jo Fox …
A 415 square foot customized tiny home now sited in the Bruton Park manufactured home community (MHC) in York County, Virginia may have to move because it has not been approved to meet the federal HUD Code standards for a manufactured home (MH). Karen and Tom Rogers lived with their …
The New York Times ‘ recent article on the MH/CFPB issue states that manufactured homes have become a crucial source of affordable housing in the South, West and northern New England, according to the Consumer Financial Protection Bureau’s (CFPB) report last month, with prices of less than half the $94 per square …
New York Times on CFPB – Manufactured Homes Crucial to Affordable Housing Read More
