Updating a post MHProNews last covered May 2, 2013, regarding the rent justification bill in the Delaware General Assembly, delaware.newszap reports the measure passed the Senate 17-2, in stark contrast to last year when it squeaked by 11-9 and then failed in the House. The bill requires MHC owners to …
Contrary to the common focus of too many weather reports, MHProNews has leaned that no one in a pre-HUD Code mobile home or a modern manufactured home died as the result of the May 20 and May 31st EF5 storms in Oklahoma. While thousands of conventional homes were leveled or …
Manufactured and Mobile Homes Survive Recent Oklahoma Tornadoes Read More
MHProNews has learned the City Council of Arkansas City in Kansas just north of the Oklahoma border, has voted to amend the municipal code to allow manufactured homes to be sited in residential-zoned districts. According to arkcity.net, the home must have been manufactured within the last year, including the time …
MHProNews has learned from castanet in Kelowna, British Columbia, Canada residents of SunRise Village MHC are concerned that rising rents may force them out of their homes, especially seniors on fixed incomes. With annual rent increases that include two percent above inflation, rents are rising faster than incomes, and residents …
According to insidermonkey, Sun Communities, Inc. (NYSE:SUI), a real estate investment trust (REIT) that owns and operates 184 manufactured housing and recreational vehicle communities, returns a higher dividend yield (5.0% versus 2.6% for Equity Lifestyle Properties, Inc.) and is more capital efficient (ELS has a higher capex-to-sales ratio of 4.1 …
According to dailyfinance, MH component supplier Drew Industries is quick at turning cash outflows into cash inflows, based on a formula that may be just as important as income in determining the financial health of a company. The cash conversion cycle (CCC) calculates days inventory outstanding to days sales outstanding, …
For the 14th consecutive year Berkshire Hathaway CEO Warren Buffett is auctioning off a power lunch for eight on E-bay, his annual anti-poverty fundraiser that fuels the San Francisco charity GLIDE. The non-profit provides some 800,000 meals each year to the hungry, and has received $15 million since the auction …
According to philly.com, rent controls for the 46 low or moderate-income residents of Tricia Meadows manufactured housing community in Mount Laurel, NJ will expire at the end of the year and become market rate like the other homes in the 400 site community. Built in 1984 by developer Roger Davis …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Dept. of Housing and Urban Development (HUD) statistics reveal production of manufactured homes in April rose 14.7 percent over April 2012, 5,313 homes over 4,630. Total production for the year equals 18,173 homes, an increase of 4.2 percent over …
Following up on a post MHProNews published May 22, 2013, regarding sewer service at an MHC possibly being shut off June 5 because of a $17,884.35 bill, mymotherlode reports a sign was posted at the community saying, “The sewer bill has been paid,” and signed, “Management.” Jim Clayton (not the …
Ruth Briggs King, Delaware’s State Representative from the 37th District, writing in capegazette.villagesoup, says she has introduced three pieces of legislation in support of residents of manufactured housing: House Bill 65 extends the Delaware Manufactured Home Relocation Trust Fund for another five years; House Bill 66 requires owners to disclose …
MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading …
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production …
As it is noted in the aransaspassprogress, the Ingleside on the Bay (IOB) City Council (Tex.) heard recommendations from a committee wanting to update the city’s MH/RV ordinance. They suggested no manufactured homes should be sited in the city, and RVs may visit an occupied dwelling for three days if …
MHProNews has learned from the Brunswick Times-Gazette an amendment to a Conditional Use Permit has been approved by the Brunswick County Board of Supervisors in Lawrenceville, Vir. The original permit was for Knob Hill Mobile Home Park, a 34 homesite manufactured housing community, previously approved. The amendment, also approved, allows …
Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those …
MHProNews has learned from KRZK-FM the Forsyth Board of Aldermen in Forsyth, Missouri have been asked by city Fire Chief Nathan Bower to clarify the town’s manufactured housing regulations. The city attorney was directed to revise the ordinance so it will differentiate between a manufactured and a modular home. Forsyth …
City Needs to Distinguish between HUD Code and Mod Read More
The Delaware Manufactured Home Relocation Authority (DMHRA) would be the agency to enforce legislation now pending in the state house, SB 33, that would require MHC owners to seek approval for rent increases beyond a certain limit. It is now the target of a class action suit brought by three …
Lawsuit Contends State Lost Authority to Collect Fees Read More
Following a story we first published March 21, 2011 concerning the possible closing of Sunset Village MHC in Glenview, Ill. by Capital First Realty, and its subsequent placing in the hands of a court-appointed receiver as we reported July 2, 2011, it has now emerged from federal bankruptcy, according to …
Rep. Nathan Ramsey of the North Carolina House of Representatives has introduced a bill that would restrict counties from limiting the siting of manufactured homes, as natlawreview informs MHProNews, saying the measure is necessary to enlarge the inventory of affordable housing. House Bill 769 would allow MH to be located …
