Widespread environmental management problems at 73 manufactured home communities led to the imposition of a $1,339,000 penalty for violating state and federal clean water and waste treatment statutes. All the communities are connected to Frank Perano of Lehigh Valley, Pennsylvania, who has signed a consent decree to pay, pending court …
Richard Jennison, President and CEO of the Manufactured Housing Institute (MHI) has announced the appointment of Kelli B. Nelson as the new Director of Government Relations. Her responsibilities will include promoting the manufactured housing agenda to Congress and the executive branch, as well as directing MHI policy and utilizing state …
Kelli B. Nelson, new MHI Director of Government Relations Read More
Real Estate Investment Trust (REIT) Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for the third quarter, payable Oct. 19, 2012 to shareholders of record Oct. 10, 2012. The company has 29.7 million shares outstanding, according to Yahoo!Finance. Based in Southfield, Mich., MHProNews understands Sun owns …
Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured housing communities a good investment. In particular he notes age-restricted MHCs in prime markets are not increasing in number, leading to competition among …
According to smmirror, the city of Santa Monica, California loaned the Mountain View Mobile Home Inn Residents Association $272,000 in 1996 to convert the property to a co-op owned by the residents. When the plan was determined to not be feasible, City Hall purchased the property in 2000 and maintained …
SheridanSun reports from Sheridan, Oregon near the northwest Pacific coast, the owners of the former manufacturing plant of Liberty Homes, Inc. have borrowed $1.25 million from a New Jersey-based lender. The money will allow Liberty, which closed the plant in Feb. 2011, to sell part of the property by satisfying …
Commissioners in Mooresville, North Carolina, just north of Charlotte, seeking to reduce the number of “non-conforming” manufactured homes in town, passed an ordinance preventing the replacement siting of manufactured housing in areas not specifically zoned for MH. If the owner wants to upgrade or just replace an existing home, it …
From Nevada, MHProNews has learned the Lyon County Commissioners are being asked to change the ordinance that forbids the siting of manufactured homes older than 15 years in the county. The downturn in the economy led to the sale of many homes that were foreclosed upon and had been vacant …
Idmanagedsolutions reports SmarTrend issued an Uptrend for Universal Forest Products, Inc. (NASDAQ: UFPI) on Aug. 22, 2012 when the stock was at $36.84. Today, the price is quoted at 16.66% higher, $42.97. Over the past 52 weeks, the share price has ranged from a low of $22.91 to a high …
The register-guard reports from the Springfield City Council in Oregon, city officials are trying to determine their obligation for the residents of the 441 occupied manufactured homes in the city’s eight MHCs if development uproots them. The state legislature passed new rules in 2007 requiring MHC owners to give residents …
NetNewsLedger reports from the northern Ontario, Canada town of Attawakispat on James Bay, the manufactured homes that were brought over the winter ice road have been sited during the summer. A disagreement between Minister of Aboriginal Affairs John Duncan and the Attawakispat First Nation leaders over funding management has led …
First Nation Tribe Seeks more Manufactured Housing Read More
Following up on the race for Delaware’s 37th District State Representative seat between incumbent Briggs King and Beth McGinn, CapeGazette VillageSoup reports MHC resident McGinn chides Ms. King for saying she has been working on manufactured housing issues with homeowners associations as well as members of the legislature and government …
The Daily Commercial reports from Leesburg, Florida Pat’s Sales has been providing the aftermarket manufactured home industry with discontinued, salvaged, and overstocked materials for 35 years. The 60,000 square-foot building contains a variety of flooring, cabinetry, plumbing, doors, windows, electrical, siding, moldings and much more, serving the myriad of manufactured …
The heraldtribune reports from Florida the recent sale of several MHCs for $60,000 plus per home site has unleashed the reassessment of some of the communities, driving up their taxes. Equity Lifestyle Properties, Inc. purchased Lake Village in Nokomis, Fla., just south of Sarasota for $23.7 million, and is now …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Manufactured Housing Consensus Committee (MHCC) will hold an in-person meeting Oct. 23-25 in Arlington, VA. MHARR notes this will be the first MHCC meeting in over a year, and the first since the payment dispute between HUD and the …
Following-up on a story we published Aug. 7, 2012 regarding measures passed by the Marion, North Carolina City Council July 17 to regulate placement and structural standards of new manufactured housing, mcdowellnews reports the council voted unanimously to repeal the new rules. Local real estate agent Mark Shuman pointed out …
As follow-up to an article we published Aug. 2, 2012, KTBS reports the Jefferson, Texas City Council continued to discuss a proposed ordinance that would ban manufactured housing from certain historic districts of the city. The hour-long discussion, intended to resolve the issue, raised more questions than answers, as a …
Council Delays Decision on Siting of Manufactured Homes Read More
DividendInvestor reports Canadian MHC owner Killam Properties, Inc. (TSX:KMP) has declared a dividend of $0.0483 per share payable Oct. 15, 2012 to shareholders of record as of Sept. 28, 2012. Having paid dividends since 2007, Killam has a current dividend yield of 4.5%. As MHProNews has learned, the company owns …
napavalleyregister reports 80 people, representing a three county area just north of San Francisco, heard five speakers at the Golden State Manufactured-Home Owners League (GSMOL) address issues of rent control, recruitment, civil law and fair housing. Two attorneys who specialize in construction and property law discussed responsibilities landlords have to …
RVBusiness reports a copyright dispute has spawned a lawsuit, and countersuit, between two manufactured home producers, Cavco Industries, Inc. and Champion Home Builders, Inc. Phoenix-based Cavco and its Palm Harbor Homes (PHH Liquidation Trust) division filed the initial copyright lawsuit in federal court, alleging Champion violated the copyright law and …
