As MHProNews reported Nov. 13, 2012, CEO Philip Fraser of Killam Properties, Inc., calling Ottawa (the Canadian capital) “one of the strongest cities for long-term investment in Ontario,” announced the company purchase of a 25% share with a Kuwaiti company for a 146-unit apartment development. Also in Ottawa, Killam acquired …
According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich. …
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
Updating a story we reported Feb. 20, 2013 about the Class of 2013 inductees into the RV/MH Hall of Fame Aug. 5, 2013, RVBusiness informs MHProNews that Mark Wasson of Bluelinx Corp., the newest board member and chairman of this year’s event has announced new events built around this year’s …
The Lehigh Valley Business news reports from Pennsylvania that Liberty Homes in Mount Pocono, Penn. is partnering with the U. S. Dept. of Energy (DOE) in their Total Home Performance Challenge to certify their homes have a high energy efficiency rating to maximize energy savings for their manufactured and modular …
WiscNews informs MHProNews from Baraboo, Wis., just north of Madison, that Blackhawk Home Sales is pulling up stakes June 1. In business since 1970 selling manufactured and modular homes, President Jim Loechler said the property has been for sale for five years and he intends to retire. It will be …
CapeGazetteVillageSoup informs MHProNews a Delaware state initiative to help manufactured home owners with site rent and house payments will be unveiled April 15, according to Rep. Ruth Briggs King. The new Manufactured Housing Assistance Program (MHAP) will provide up to $5,000 as the result of state funding being set aside …
The digitaljournal informs MHProNews that Killam Properties, Inc. of Halifax, Nova Scotia, Canada will announce its financials for the quarter ending March 31, 2013 on May 7, 2013 after the close of the market. A conference call to discuss the findings will follow on Wed. May 8, 2013 at 9 …
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 …
MHProNews has learned from The Federal Register that the Manufactured Housing Consensus Committee (MHCC) Structural and Design Subcommittee will hold a teleconference meeting Tue. April 23 from 1 PM to 4 PM EST. The agenda tentatively includes discussion regarding alternative foundation system testing, formaldehyde testing, and standards for windows, sliding …
Manufactured Housing Consensus Committee Sets Teleconference Date Read More
If you Google “definition manufactured home,” what pops up may surprise you. “Mobile home: a large house trailer that can be connected to utilities and can be parked in one place and used as permanent housing.” Credit for the entry is Princeton University’s WordNet. MHProNews publisher L. A. “Tony” Kovach …
1960’s Definition of Manufactured Housing Clouds Industry Read More
M & W Trailer Sales opened in Escondico, Calif. in 1959 when customers had two carpet choices—avocado green or harvest gold, and Noel Williams (the ‘W’) lived on the lot in a trailer with his wife. Now called M & W Home Sales, and located in Hemet, Calif., The Press …
According to rrobserver, MHProNews has learned Sandoval County (New Mexico) Treasurer Laura Sandoval says nearly half of all manufactured homes in the county, representing 1,905 properties, owe property taxes that are delinquent, totaling $600,000. Of these, 721 homes have unknown addresses or only a post office box; 535 manufactured homes …
Canada.com informs MHProNews MHC owner Larry Gaudreau, noting that communities built in the 1940’s and 1950’s have deteriorating infrastructures that cannot be replaced without moving residents out, says the government needs more affordable housing for these people, as well as to meet future needs. “More than 50 per cent of …
British Columbia needs more Manufactured Housing Communities Read More
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into resident-owned homesites, or the plan can be denied. The Ventura City Council voted 7-0 in favor of the resolution, as MHProNews …
UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by …
A coalition of non-profits and consumer organizations are encouraging residents of often modest means to seek co-op ownership as a means to increase equity in their property and control rents in Mass. The patriotledger reports of the 250 manufactured home communities in the state, only 25 have become cooperatives, but …
RVBusiness informs MHProNews Lippert Components, Inc. has asked the Goshen (Ind.) City Council for a tax break to expand its operations and hire 376 more employees by 2016, spending $10 million for new equipment. A division of Drew Industries, Inc., Lippert is a component supplier to the manufactured housing and …
As MHProNews reported here earlier today (Mon. April 8), the closing of Hilltop Mobile Home Park in State College, Penn. that led to a musical benefit to help residents, has also led to charges being filed against the owners by the state attorney general’s Bureau of Consumer Protection for allegedly …
According to nreionline (National Real Estate Investor), NorthStar Realty Finance Corp. has acquired a portfolio of 71 manufactured home communities comprised of approximately 17,000 home sites for $865 million. Financed with a $640 million mortgage for ten years at 4.02% fixed, the company expects an initial annual yield of 14%. …
