MHProNews has learned from santamariatimes the Golden State Manufactured-Home Owners League (GSMOL) will partner with San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team to host an informational seminar for those living in manufactured homes. A variety of issues regarding living in manufactured homes will …
Informational Seminar for Manufactured Community Residents Read More
The Department of Housing and Urban Development (HUD) will provide an additional $5 billion in relief funds to five states and New York City to supplement the $5.4 billion already granted in recovery efforts from Hurricane Sandy one year ago. New Jersey received $1.8 billion and will be getting an …
Second Round of Funding for Rebuild Post Hurricane Sandy Read More
Following a story we last published July 9, 2013 regarding the possible acquisition of 224 homesite Spruces Mobile Home Park by the town of Williamstown, Massachusetts for possible future affordable housing, now the town selectmen want a vote taken in Dec. to move forward with returning the property to a …
Flooded Manufactured Housing Community Returning to Natural State Read More
Addressing the Mortgage Banker’s Association’s (MBA) annual convention, Rep. Jeb Hensarling (R-Tex), stating the Dodd-Frank Act is the real barrier to mortgage finance reform, says it could raise interest rates from one to four percentage points and reduce the number of mortgages by half. HousingWire reports the chairman of the …
Rep. Jeb Hensarling: Dodd-Frank Extends Woes of Mortgage Finance Industry Read More
Chairman of the National Association of Home Builders (NAHB) Rick Judson commends the bi-partisan support from two Senators and two Representatives for advocating identical legislation providing relief from rising flood insurance premiums. Reps. Michael Grimm (R-N.Y.) and Maxine Waters (D-Calif.) and Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) support …
Rising Flood Insurance Premiums Addressed in Legislation Read More
The members of a panel at the Mortgage Bankers Association (MBA) annual convention say the 30-year fixed rate mortgage (FRM) is so ingrained in the system that removing it would have unintended consequences. William McCue of McCue Mortage says nearly all of his loans are for Federal Housing Administration (FHA)-insured …
FHA’s Carol Galante: Stable Housing Finance Awaits Read More
Unlike many school districts in the U. S. that are strapped for funding, schools in North Dakota have been receiving oil impact grants, and show ending-fund balances for 2012-2013 of $278.7 million statewide, according to bismarcktribune.com. Rep. Mike Nathe, R-Bismarck, says the oil impact money could be put to better …
Modular Homes Accommodate new Teachers in Housing-strapped N. Dakota Read More
The crumbling Packard Motor Plant in Detroit, built in 1905 but closed in 1956, had tenants until the late 1990s and is now set to become a facility to build modular homes and offices. A family doctor from Texas, along with several investors, won the bid at $6 million for …
A Superior Court judge’s ruling that rent controls established in 1984 for the Tricia Meadows land lease community of Mount Laurel, New Jersey will expire Dec. 31 has led to a lawsuit opposing the action. The mostly senior low and moderate-income residents believed their $224.50 monthly rent would continue because …
Federal Housing Finance Agency (FHFA) Director Edward DeMarco says he plans to reduce the government service enterprise (GSEs) loan limits which will increase private sector participation in the mortgage market, according to nationalmortgagenews. He also intends to gradually increase the guarantee fees that Fannie Mae and Freddie Mac charge lenders. …
DeMarco will Increase Private Sector Participation Read More
Representative Shelley Moore Capito (R-WV), who serves as Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, is garnering support to encourage Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to postpone implementation of the new mortgage rules set to take effect in Jan. 2014, until …
An ongoing dispute between the British Columbia Safety Authority (BCSA) in Canada and modular home builder Riske Creek Manufacturing and its owner Andy Tower has resulted in a recall of the company’s homes by the BCSA, which alleges the park model homes do not comply with gas and electrical certification …
The Department of Consumer Protection, responding to numerous resident complaints beginning in 2012, has issued a legal decision and order against Shoreline Trailer Court in Branford, Connecticut for failing to maintain the community in a safe and habitable condition. Specifically, according to branfordpatch, Shoreline was infested with feral cats, rodents, …
Connecticut Manufactured Housing Community under Fire Read More
Pulte Homes has been eyeing Winchester Ranch Mobile Home Park in San Jose, California, home to 145 mostly low-income seniors and disabled residents, as a possible site for market-rate condos. Homesite rents pale compared to the median home price of $612,250 in San Jose, giving community owner Cali-Arioto Properties consideration …
The Virginia Manufactured and Modular Housing Association (VAMMHA) reports to MHProNews that the Virginia Titling Tax increased on automobiles but remained at three percent on sales of manufactured homes. In Virginia, as in many states, manufactured homes continue to be classified under motor vehicle laws in a throw back to …
Updating a story MHProNews posted Oct. 21 regarding a tax increase to pay for relocating manufactured home residents who live dangerously close to a runway at Fairchild Air Base in Spokane, Washington, the city council voted 4-1 to raise county property taxes 6.3 cents per $1,000 valuation for Proposition 1. …
Council Approves Tax to Move Manufactured Home Residents Read More
Just as a property tax increase goes before voters to relocate manufactured housing communities away from Fairchild Air Force Base in Spokane County, Washington, the base commander issued a statement that the communities are in an “accident potential zone” that is incompatible with Air Force operations. The 188 homes are …
The owners of Hall Wines in Napa Valley, California purchased the 18 homesite Vineland Vista Mobile Home Park in 2008 with plans to redevelop the space, finally closing it in 2012 after legal wrangling with tenants, according to napavalleyregister.com. Providing the Napa Valley Planning Department approves a use-permit modification and …
Vintners Replace Manufactured with Modular Housing Read More
The Buena Vista Mobile Home Park in Palo Alto, California, currently home to 104 factory-built homes, and recognized in the city’s comprehensive plan as one of the largest sources of low-income housing, may be sold for over $30 million if owners Toufic and Eva Jisser’s plan is approved by the …
California Land Lease Community on Track to Convert Read More
DJ Pendleton, executive director of the Texas Manufactured Housing Association, says on Oct. 1 the Consumer Financial Protection Bureau (CFPB) clarified the rules defining what is considered a mortgage loan originator and what is not. A retail employee can only provide general information about buying a manufactured home. A more …
Will the CFPB Please Stand for Affordable Housing? Read More
