Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by …
Co-op Assumes Responsibility for Managing Community Read More
The Manufactured Housing Institute (MHI) has sent an urgent action alert to members of the manufactured housing industry to contact their Congressional representative and ask for their co-sponsorship and support of H.R. 1779, the Preserving Access to Manufactured Housing Act. The bi-partisan measure would amend provisions of the Dodd-Frank Wall …
Manufactured Housing Institute Issues Action Alert Read More
Rep. Stephen Fincher (R-Tenn.), Rep. Bennie Thompson (D-Miss.), and Rep. Gary Miller (R-Calif.) sponsored The Preserving Access to Manufactured Housing Act, HR 1779, which will amend the provisions in Dodd-Frank that curtail the availability of manufactured housing loans. In remarks in the Congressional Record of April 26, 2013, Rep. Fincher, …
Rep. Fincher’s Remarks Regarding HR 1779 in the Congressional Record Read More
According to nationalmortgagenews, a survey of economists by Bloomberg reports Federal Reserve Chairman Ben Bernanke is expected to reduce the quantitative easing that has been used to bolster the economy from $85 billion monthly to $50 billion by year’s end. That would be followed by a second cut to $30 …
Federal Reserve’s Bond-Buying May End by Next Year Read More
MHProNews has learned the National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder in Charlotte, NC, has issued a statement on the nomination of Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency (FHFA). “We applaud the nomination of Representative Watt to this important position. …
ValleyNews from Mount Holly, Ver. tells MHProNews former state senator Will Hunter wants to turn an old roadhouse stopover for skiers in years gone by into a rehab house for 12 or so women who are recovering from substance abuse, and is asking the state for $300,000 to fund it. …
Reviewing the qualified mortgage (QM) rule handed down by the Consumer Financial Protection Bureau (CFPB), the Dept. of Housing and Urban Development (HUD), in trying to broaden access to Federal Housing Administration (FHA)-insured loans, may modify the safe harbor provision, as nationalmortgagenews informs MHProNews. Any interest rate that exceeds the …
According to what the americanbanker tells MHProNews from Washington, a bipartisan group of lawmakers is attempting to amend a provision that will adjust the thresholds of high-cost loans under the Home Ownership and Equity Protection Act for manufactured home loans, while maintaining consumer protections. Under the current provision scheduled to …
Amendment to High Cost Lending Provision has Bi-partisan Support Read More
Senator Kevin Bryant of the South Carolina Legislature was honored by the Manufactured Housing Institute of South Carolina (MHISC). He said, “ I was honored by the Manufactured Housing Institute of South Carolina on Thursday 04.18.13 with the Legislator of the Year for 2012. Most legislation dealing with Manufactured Housing …
The Massachusetts Manufactured Housing Association (MMHA) is asking members to oppose Senate Bill 610 and House Bill 1116 (the same bill) because the proposed changes to the manufactured housing regulations include adding annual site fees of $10 per for a statewide dispute resolution program. Another bill would tie MHC licenses …
According to nationalmortgagenews, banks are the ones walking away from vacant homes these days, starting but not completing the foreclosure process because they do not want the responsibility for maintaining the property, resulting in hundreds of thousands of homes being withheld from the market. In some cases, homeowners who have …
Abandoned Homes Continuing to Hold Back the Market? Read More
The estevanmercury tells MHProNews the city council in Estevan, Saskatchewan, Canada is considering two proposals to help ease the housing shortage in the city. One is a modular subdivision with room for 474 homes proposed by developer Kurtis Dmuchowski of Regina-based West D Construction. He has offered to buy the …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews Jeb Hensarling, (R-TX) Chairman of the House Financial Services Committee, says he cannot accept testimony from the Consumer Financial Protection Bureau’s (CFPB) director Richard Cordray on the semi-annual report since he is not a valid director. A federal appeals court …
MHProNews has learned from the Wall Street Journal there is rare bipartisan support in Congress to roll back a provision in the Dodd-Frank Act that could produce a decline in manufactured home lending, thereby hurting builders, lenders, and owners. A part of Dodd-Frank sets a threshold for interest rates beyond …
Both Parties in Congress Favor Revising Dodd-Frank Read More
According to tampabay, the Hernando County Commissioners meeting in Brooksville, Fla. are considering reinstating an ordinance similar to one originally passed in 2000 that required homes in single-family residential neighborhoods to look the same. The ordinance was eliminated in 2010 because it was an unnecessary regulation that necessitated too much …
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage …
Council Votes a Variance for New Manufactured Home Community Read More
According to nationalmortgagenews, bankers were relieved when the Consumer Financial Protection Bureau (CFPB) released its qualified mortgage rule (QM) in January, which gives the lender protection if a borrower defaults. But now some bank executives are hesitant to make loans outside the QM rule, and worry they could be rapped …
Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews the Iowa Senate has passed SF 295, a property tax credit system comparable to how the homestead credit system works. Commercial tax payers have to make a one-time application. The fund begins at $50 million, and increases each year …
Iowa Legislature Considering Property Tax Amendment Read More
The newsherald informs MHProNews from Panama City, Fla., a battle going on since June 2012 is pitting city commissioners against the owner of Mill-Village MHC, Katy Adair, for having two Federal Emergency Management Agency (FEMA) park model trailers in the community in violation of a city ordinance. Code enforcement says …
Battle Awakes over Placement of FEMA Park Model Trailers Read More
A bill introduced in the North Carolina legislature would bar counties from enforcing laws that exclude manufactured housing from residential areas with other single-family homes, according to citizentimes of Asheville. State Rep. Nathan Ramsey, Republican from Buncombe County, informs MHProNews, “Everyone knows affordable housing is a problem in Western North …
