Julian Castro, current mayor of San Antonio and President Barack Obama’s nominee to be the next secretary of the Dept. of Housing and Urban Development (HUD), was grilled during his Senate Banking Committee confirmation hearing about cities using eminent domain to condemn mortgages by Sen. Patrick Toomey (R-PA), according to …
Nominee to Head HUD Testifies before Senate Banking Committee Read More
Following a post MHProNews published Dec. 27, 2013 regarding the sales tax increase imposed on manufactured and modular homes in North Carolina that began Jan. 1, 2014, we have learned the N. C. House version of an omnibus tax bill reduces that levy, supported by Rep. Ken Goodman (D-Richmond). But …
Bill to Reduce Tax on Factory-built Home Sales in Danger Read More
New York State Senator Ken LaValle (R-Port Jefferson) is drafting new legislation so owners of manufactured homes in communities would have some protection from “unjustifiable rent increases,” according to timesreview.com. Legislation aimed at protecting owners of manufactured homes has passed seven of the last eight years in the Democrat-controlled assembly, …
Legislation Would Allow MHC Residents to Challenge Rent Increases Read More
Writing in thehill.com blog, Doug Ryan, director of Affordable Homeownership for Corporation for Enterprise Development (CFED), says the manufactured housing industry is trying to sabotage perfectly good Consumer Financial Protection Bureau (CFPB) regulations that protect buyers of MH from high-priced loans, through promoting its Preserving Access to Manufactured Housing Act …
Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member …
Chairman of National Association of Home Builders Comments on Senate Measure Read More
Following a story MHProNews.com last posted Sept. 5, 2013 regarding a rejected proposal to use modular jail cells in Dutchess County, New York instead of paying other counties to house the overflow of prisoners, the state legislature voted $6.49 million to purchase and install modular “pods” as a temporary fix …
Poughkeepsie, New York will Install Modular Jail Cells Read More
Following a story MHProNews posted April 29, 2014 regarding postponement of the mark up of the housing finance reform bill by the Senate Banking Committee, nationalmortgagenews.com reports the bipartisan legislation by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) will be voted on by the committee on Thursday, May 15. …
Writing in nationalmortgagenews.com, Brad Finklestein refutes the notion advanced by opponents that affordable housing caused the mortgage crisis. Borrowers in all income groups ran into problems, although those of more modest means got hit the hardest and likely have had a harder time recovering. But as MHProNews understands, the bottom …
The Wisconsin State Legislature pushed thru sales tax breaks for three specific industries, according to the non-partisan Legislative Fiscal Bureau, as reported by beloitdailynews.com. One of them is the Wisconsin modular homes manufacturing industry, which will realize a savings totaling about $980,000 per year, MHProNews.com has learned. Without the tax …
Sales Tax Removed from Wisconsin Produced Modular Homes Read More
The Manufactured Housing Institute (MHI) informs MHProNews.com the House Financial Services Committee adopted, by voice vote, the Preserving Access to Manufactured Housing Act (H.R. 1779). Although the measure will not be formally approved until a recorded vote is taken, which is expected to occur the week of May 19th, the …
House Financial Services Committee Voice Votes “Yes” to H.R. 1779 Read More
The Senate’s Johnson Crapo measure to reform housing finance and eliminate Fannie Mae and Freddie Mac was scheduled to be marked up at the end of April, as MHProNews reported April 29, 2014, but was held up so the bill could pick up steam and garner more support. Instead, the …
Mark-Up of Senate’s Johnson Crapo Housing Finance Reform—DOA? Read More
Writing in the Opinionator section of The New York Times, Andrea Levere says 18 million people with an average median income of $30,000 live in factory-built housing, making it the largest source of unsubsidized affordable housing in the U. S. Although over 70 percent own their own homes, most who …
New York Measure Seeks Financing Parity for MH and Site-built Read More
In an urgent action alert from the Manufactured Housing Institute (MHI), Chairman Nathan Smith reports the House Financial Services Committee will consider HR 1779, the Preserving Access to Manufactured Housing Act, on Wednesday, May 7. Last week he was urging recipients to contact their senators regarding a concurrent measure in …
Chairman Smith: Contact your U. S. Representative for Support of HR 1779 Read More
Updating a story MHProNews.com last reported on March 25, 2014 regarding the Life O’Riley Mobile Home Park in Lansing, Michigan condemned because of unsanitary conditions, State Representative Andy Schor introduced Bill 5513 to give local leaders more clout in dealing with problems at manufactured housing communities (MHCs). Lansing city officials …
Measure would Empower Local Officials over Land Lease Communities Read More
Following a story MHProNews posted yesterday regarding the planned markup Tue., April 28 by the Senate Banking Committee of housing finance reform that includes provisions supportive of the manufactured housing industry, that discussion has been postponed. In an Action Alert from Manufactured Housing Institute (MHI) Chairman Nathan Smith said, while …
In an urgent action alert, Manufactured Housing Institute (MHI) Chairman Nathan Smith says the Senate Banking Committee is set to take up housing finance reform on Tue., April 29, and Sen. Joe Manchin of West Virginia is expected to offer two amendments that would attach the provisions of the Preserving …
Important and Urgent Message from MHI Chairman Nathan Smith Read More
A coalition of over two dozen conservative groups has sent a letter to the Senate Banking Committee urging members to oppose the Johnson-Crapo housing finance reform bill because they say the measure would lead to more government intervention in the mortgage market, increasing moral hazard and taxpayer risk. As nationalmortgagenews.com …
Conservative Coalition Opposes Senate Housing Reform Measure Read More
While the Senate Banking Committee is scheduled to hold a markup of the Housing Finance Reform and Taxpayer Protection Act of 2014, which includes securitization for manufactured home loans through a new agency, there is concern over lack of support from liberal Democrats who want more affordable housing provisions. Some …
Measure Favoring Manufactured Home Lending May be Stalled Read More
Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), tells MHProNews the MHI Government Relations staff, Jason Boehlert and Rick Robinson, have developed a new website to facilitate contacting members of Congress about issues, as well as to learn more about the various issues that impact the manufactured home industry. …
The Missouri state department of revenue is set to start collecting sales tax on the sale of manufactured homes due to a recent state supreme court ruling. According to missourinet.com, manufactured homes (MH) are considered personal property, which is subject to sales tax, much as an automobile. There are 217,600 …
Legislature may Block Sales Tax on Manufactured Homes Read More
