Capitola, California city officials propose to apply for $500,000 in community block grant funds from the state for first-time homebuyer assistance and housing rehabilitation, enough for three years of loans, staff time and the cost of administering the program by the Housing Authority of Santa Cruz County. As santacruzsentinel.com reports, …
Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life …
More Oversight Sought for Manufactured Home Communities Read More
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a …
Doug Gorman, President of Home-Mart, Inc. in Tulsa, Oklahoma and Lois Starkey, Manufactured Housing Institute (MHI) Vice President of Regulatory Affairs, attended the March 11th White House Green Mortgage Roundtable. Focusing on renewable energy underwriting issues, especially related to the FHA (Federal Housing Administration) Energy Efficient Mortgage and other FHA …
MH Industry Execs attend Mortgage Roundtable at White House Read More
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
Aiming to adopt an new ordinance governing manufactured homes (MH), the Washington Parish Planning Commission in Bogalusa, Louisiana were given a history lesson of the industry by Lenny Kopowski, director of government affairs for the Louisiana Manufactured Housing Commission (LMHC), including required stickers, labels and registrations. The 1994 wind zone …
Parish Planning Commission hears from Manufactured Housing Commission Read More
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
Private equity real estate investment firm Green Courte Partners, LLC announces the promotions of Chad V. Gardner and Matthew J. Pyzyk to vice president, according to prnewswire.com. Gardner joined Green Courte as a senior accountant in Nov. 2010, and in his new position as vice president and portfolio controller he …
Efforts continue to assist New Jersey residents who are still without adequate housing following Hurricane Sandy nearly 18 months ago, according to app.com. A Superstorm Sandy Housing Expo is being held in Long Branch, New Jersey, sponsored by the state Department of Community Affairs (DCA) with representatives from several housing …
Fair Market Rent Due for Sandy Survivors in Manufactured Homes Read More
Bella Vista Estates in Boardman, Oregon, with 127 homesites, has become the largest resident-owned manufactured home community (MHC) in Oregon, according to eastoregonian.com. The non-profit Community and Shelter Assistance Program (CASA) of Oregon helped the residents form the co-op and obtain the $3.15 million financing, and continues to provide technical …
Former Land Lease Community becomes Resident-Owned Read More
Insurance policy administrator Insurity, Inc. has been selected by American Modern Insurance Group to administer physical damage coverage for manufactured home (MH) dealers. According to Bill Gottsacker, American Modern’s VP, says, “Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines …
Santa Ana, California’s Hart King law firm will present their annual briefing on operating manufactured housing communities (MHCs) Thurs., March 27, 2014 at the DoubleTree Club by Hilton in Santa Ana beginning at 9 AM. The panel of attorneys versed in MHC affairs will discuss the American Disabilities Act (ADA) …
Manufactured Home Community Legalities on Tap at Briefing Read More
Following a story MHProNews.com first posted March 3, 2014 regarding the condemning and shuttering of Life O’Riley Mobile Home Park in Lansing, Michigan by the Ingham County Health Department, State Rep. Andy Schor (D-Lansing) plans to introduce legislation to give local authorities more control over manufactured home communities (MHCs). Currently, …
Legislation will Give Cities more Control to Manufactured Home Communities Read More
A request for special permission to site a recreational vehicle (RV) on private property in San Angelo, Texas for one year was approved by the town’s city council. Jesus Tellez says he wants to live in the RV while he builds a house on the same property, according to sanangelolive.com. …
The Reseda Mobile Estates in California has been acquired by Anaheim, CA-based Reseda mhp Associates LP for $13.1 million. According to Briana Barbier of Marcus & Millichap, who represented the seller, the 108-site manufactured home community “is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San …
Referring back to a story MHProNews.com published March 17, 2014 regarding the new housing reform finance bill being discussed in the Senate Banking Committee, Credit Suisse AG says it will only cover losses after private capital bears the first ten percent, which will lead to more expensive mortgages. The proposal …
Housing Finance Reform Addendum; Lender Adds Manufactured Housing as Eligible Read More
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and …
Although the town of Loyall, Kentucky in the southeastern part of the state has 20 manufactured homes (MH), no more can be added until the state legislature passes a law requiring counties to hire building inspectors, from what harlandaily.com reports. That position has not been filled locally in 13 years. …
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million …
For the first quarter ending Feb. 1, 2014, Nobility Homes, Inc. (NOBH) reports sales increased 23 percent to $4,191,429 over the $3,401,667 for the comparable period in 2013. Net income based on those sales after taxes increased to $103,402, well above the $4,845 for the same period of 2013. Working …
