Federal Housing Finance Agency (FHFA) Director Mel Watt told a gathering of the American Mortgage Conference he supports the merger of Federal Home Loan Banks (FHLB) but wants to gather more information before giving required approval, and is currently offering a consultative role to FHLBs in Seattle and Des Moines …
The Falkville Town Council in Alabama held a public hearing concerning changing the zoning ordinance for manufactured homes (MH) to allow subdivisions of MH in new areas zoned MH-S, according to hartselleenquirer.com. The ordinance will continue to allow manufactured homes in residential R-1 and R-2 or agricultural zones AG-1 on …
Alabama Town Attracting Manufactured Home Subdivisions Read More
National Association of Home Builders Chairman Kevin Kelly commends the House of Representatives for passing legislation championed by Rep. Steve Southerland (R-Fla) that curtails the reach of the U. S. Army Corps of Engineers and the Environmental Protection Agency (EPA) over waters of the U. S. Specifically, HR 5078, the …
House Passes Legislation Limiting EPA and Corps Intrusion onto Buildable Land Read More
The board of directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend of $0.325 per common share, representing an annual dividend of $1.30 per share, according to wallstreetscope.com. The dividend will be paid Oct. 10, 2014 to shareholders of record on Sept. 26, 2014. In today’s trading, Sept. …
Equity LifeStyle Properties Board Declares Dividend Read More
The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved …
Proposed Modular Development Approved by Planning and Zoning Board Read More
According to the Manufactured Housing Institute (MHI), before leaving for the August Recess, the House of Representatives passed legislation (H.R. 5062) amending the Consumer Financial Protection Act (CFPA) – which is Title X of the Dodd-Frank Act – to provide protection against waiver of state and federal law privileges for …
In the continuing saga between developer Forest City Ratner and builder Skanska regarding the battle over construction of the largest modular apartment building in the world, as MHProNews posted here last Sept. 2, 2014, both parties have filed suit against the other. In its complaint, Skanska alleges “serious commercial and …
Forest City and Skanska Cross-File Lawsuits over Massive Modular Housing Project Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the “Duty to Serve Underserved Markets” as it applies to manufactured housing, according to the Housing and Economic Recovery Act of 2008 (HERA), will be “revisited” under Melvin Watt, the new head of the Federal Housing Finance Agency (FHFA). …
Residents of Los Angeles use a larger portion of their paycheck for housing than people in San Francisco, New York or Miami. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at the University of Southern California in Los Angeles. Lower-income …
Los Angeles Singing the ‘Rising Housing Cost Blues’ Read More
Due to over-and under-crowding in the Wake County (North Carolina) Public School System, board members discussed changing the academic calendar from a ten month calendar to a multi-track calendar, or install 21 modular classrooms to relieve overcrowding in the elementary and middle schools. Capacity in the different schools range from …
The Greene County Planning Board in North Carolina, after reconsidering the county’s manufactured home (MH) ordinance which restricts homes being brought into the county to no more than 15 years old, has removed the restriction and recommended the decision to the county commissioners. A North Carolina Court of Appeals ruled …
North Carolina County Suggests Removing MH Age Restriction Read More
The Michigan Manufactured Housing Association (MMHA) reminds occupants of system-built homes that potentially damaging summer wind and rain storms are at their peak and residents should ensure that roofs are in good condition and rainwater is directed away from the foundations. While manufactured homes (MH) are built to strict federal …
The possibility of up to seven billion barrels of oil in the Tuscaloosa Marine Shale formation in southwest Mississippi and central Louisiana has led the McComb (Miss.) Board of Selectmen to vote in favor of annexing 40 acres for the construction of a 535-unit modular workforce community. Shale Lodge will …
Tiny houses may soon fill four micro communities to house the homeless and low-income residents in Portland, Oregon, according to oregonlive.com. The 192 square-foot products of TECHDWELL, which are made partly of recycled materials and cost around $12,000 to build, would be sited on public land in pods of 25 …
Following a story MHProNews last posted Aug. 8, 2012, regarding the sale of public property to a modular home builder, New Jersey’s Local Finance Board approved the sale of portions of Bridgeton’s Municipal Port Authority, including an 83,000 square-foot warehouse, to Renewable Jersey LLC. As thedailyjournal.com reports, the warehouse needs …
New Jersey on Track for Modular Home-building Facility Read More
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at …
New Manufactured Housing Community Proposed in Michigan Read More
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a …
The Manufactured Housing Institute (MHI) reports that the Department of Housing and Urban Development (HUD) will increase label fees on new manufactured homes (MH) to $100 per label effective Sept. 12, 2014 to help cover the costs of administering the program. Manufacturers that have already purchased the $39 labels will …
The Manufactured Housing Institute’s (MHI’s) legislative report for August 12, 2014 says legislation in the California Senate Appropriations Committee would allow loans to be made from the Mobile Home Park Rehabilitation and Purchase Fund to a non-profit entity to purchase a manufactured home community as long as 30 percent or …
State Loans to Acquire an MHC must Insure Health, Safety and Affordability Read More
According to brookline.wickedlocal.com, the modular classrooms at the Lawrence School should be completed by May or June of next year, in time for the 2015 school year, and will cost $3.11 million, as MHProNews has learned. The original idea was to bring in the modular units and add design elements …
