According to coastlinepilot, Chicago-based Hometown America Communities is preparing to purchase 158-homesite Laguna Terrace Park MHC of Laguna Beach, Calif., just south of Los Angeles. MHProNews has learned the property is owned by Amy Esslinger, widow of the late Steve Esslinger, who had tried to convert the property to resident …
Hometown America to Buy California Land Lease Community Read More
The Manufactured Housing Institute (MHI) informs MHProNews hearings were held March 19 by both the House and the Senate on housing finance reform. Texas Chairman of the House Financial Services Committee Jeb Hensarling stated he wants to abolish Freddie Mae and Freddie Mac and privatize the secondary mortgage market. Acting …
The 2013 Tunica Manufactured Home Show wrapped up today with light rains falling after two days of sunshine. The initial post show numbers reflect that a total of 2,204 total attendees and exhibitors came, a significant increase over 2012. Manufacturers, suppliers and lenders indicated they had ‘a good show.’ Association …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) informs MHProNews the Iowa House of Representatives has passed HF495, affecting 562A, applies to landlords who own the home and land. On properties that rent for under $700/mth, the late fee charge could be no greater than $12 a day, with …
Following up on an MHProNews post from Jan. 25, 2013 regarding an MHC’s attempt to convert to a resident-owned community and the ensuing legal battle with the Huntington Beach (CA) City Council trying to prevent it, the threat of a contempt of court trial against the city finally ended in …
In the ongoing effort to support the RV/MH Hall of Fame and Museum in Elkhart, Ind., President Darryl Searer is offering the opportunity to become a lifetime member of the RV/MH Heritage Foundation for half price—$25 and $12.50 for a spouse, both tax deductible. In addition, the call has gone …
PRWeb reports from Houston, Texas that while noting more internet searches for homes are being done on mobile devices rather than desk or lap tops, Oak Creek Homes has developed a mobile version of its website, enabling shoppers to view the entire line of manufactured and modular homes and request …
InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment …
KeyNews reports from Key West, FL the 44 factory-built homes that comprise the Old Town community may soon be replaced with two and three-bedroom stick-built or modular townhomes. Southernmost Cabana LLC bought the property from the Archdiocese of Miami in 2009 for $2.4 million and has submitted preliminary plans that …
InsideIndianaBusiness informs MHProNews that Lippert Components, Inc. (LCI) of Goshen, IN has hired Frank Perna as vice president of operations for manufactured housing windows. A 25-year veteran of the vinyl and aluminum window industry, Perna has been with Silver Line Building Products LLC, a division of Andersen Windows. He will …
Governor Andrew Cuomo has proclaimed April 27 – May 5, 2013 as Factory-Built Home Days across New York State, coinciding with the New York Housing Association’s 2013 Spring Symposium and Legislative Summit April 30-May 1 in downtown Albany, NY. In his proclamation, the governor states manufactured housing is a source …
Over 2,000 retailers, community owners/operators, builders/developers, installers, factory builders, lenders, suppliers, association leaders and exhibitors will be in Tunica, MS for the largest industry trade show of 2013. Dozens of the latest models including developer and community series homes will be on display. Attendees will range from the rank and …
According to lehighvalleylive residents of Greenbriar Valley manufactured housing community (MHC) in east-central Penn. allege owner Equity LifeStyle Properties, Inc. (ELS) is unjustly raising their rents and they are seeking protection, as they approach April 18 when rents for the 319 site community will rise again. One residents says his …
RuralHome.org informs MHProNews the Corporation for Enterprise Development (CFED), a non-profit dedicated to expanding opportunity for low-income families and communities in the U. S., reports manufactured home borrower repayment records are comparable to site-built mortgage borrowers, and in some cases were better than comparable general mortgage portfolios. CFED’s report, Toward …
Strong Loan Performance from Manufactured Home Mortgages Read More
ZolmaxNews reports Sun Communities, Inc. (SUI) of Southfield, Mich. says it will pay a quarterly dividend of $0.63 per share on Friday, April 19 to investors of record April 1, 2013. Representing a $2.52 annualized dividend, the dividend yield is 5.29 percent. BMO Capital Markets, commenting on the stock, upgraded …
Four uninhabitable manufactured homes at Florella’s Park in Northfield, Minn. that have been empty for years will be removed by the Housing and Redevelopment Authority (HRA) using funds from a Housing and Urban Development (HUD) Block Grant, as southernminn tells MHProNews. According to federal standards, HRA must acquire the homes …
The Manufactured Housing Association of Oklahoma (MHAO) tells MHProNews the rules on the installation of new and used MH have been revised. New homes have to follow the plans laid out by the manufacturer or the engineer/architect, and the homeowner is not responsible for site preparation. For used homes, the …
The santamariatimes tells us the Northern Santa Barbara County Manufactured Homeowners Team (NSBCMHT), which promotes the welfare of MHC residents, is linked to the legislative action arm of the Golden State Manufactured-Home Owners League (GSMOL). This year’s legislative agenda includes AB1205, a measure that would provide mediation services to resolve …
The Massachusetts Manufactured Housing Association (MMHA) informs MHProNews a series of legislative amendments to the 2008 General Laws concerning manufactured housing is now before the Mass. Senate. In replacing particular sections of current laws, it defines the make-up of the manufactured housing commission, outlines the establishment of a Manufactured Housing …
Senate Amendments Proposed that Govern Land Lease Communities Read More
The Texas Manufactured Housing Association (TMHA) reports of the 5,677 bills filed during the state’s 2013 Legislative Session, TMHA is following 175 of them. Included are House Bill (HB) 3361 and Senate Bill (SB) 214 which would continue the Texas Dept. of Housing and Community Affairs (TDHCA–the agency that oversees …
Legislative Initiatives that Affect Manufactured and Modular Housing Read More
