Financing commercial real estate throughout the U. S., Hunt Mortgage Group, headquartered in New York City, has arranged a $5.3 million Fannie Mae loan to refinance The Trails of Oak Hills manufactured home community (MHC) in Austin, Texas, the property of Wier Hills Ltd., a Texas limited partnership backed by …
Hunt Mortgage Provides Fannie Mae Loan for Trails of Oak Hills MHC Read More
The Kittitas County Commissioners approved a $1.45 million purchase agreement for the Shady Brook manufactured home community in April in order to expand the fairgrounds and event center, according to dailyrecordnews, reporting from central Washington state. Although there was no entry on the agenda, several people spoke suggesting ways for …
Hometown Trying to Preserve Manufactured Home Community in Washington Read More
One of Western Canada’s largest modular home retailers, Jandel Homes is once again sponsoring the Hills Angels MS Bike fundraiser for Multiple Sclerosis, as they ride from LeDuc to Camroe, Alberta, Canada, just outside Edmonton which is Jandel’s home base. MS Bike has been critical to the MS Society’s fundraising …
MHLivingNews.com will be doing a celebration feature to commemorate the 40th Anniversary of the first factory-built homes constructed to the HUD Code for Manufactured Housing. The “big 4-0” is on June 15, 1976. MHLivingNews.com already has a new video that features a ‘walk down memory lane,’ reflecting the advances from …
40th Anniversary of Manufactured Housing Approaches Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that it is now accepting nominations for the TMHA Board of Directors. Nominations will be accepted until June 17, 2016. For a nomination form contact caitlin@texasmha.com ## (Image credit: Texas Manufactured Housing Association) Article submitted by Matthew J Silver to Daily Business …
Arthur Tuverson, Managing Director of Pillar’s Manufactured Housing Community/RV Resort Group, has originated an $11.5 million Freddie Mac acquisition loan for Lake Villa Estates manufactured home community (MHC) in Oxford, Michigan, 45 miles north of Detroit, according to rebusinessonline. Featuring 852 homesites on 174 acres, the MHC was built in …
MHProNews has learned from euroinvestor that the board of directors of real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) has declared a quarterly distribution of $0.65 per share of common stock for Q2 2016. The distribution is payable July 15, 2016 to shareholders of record as of June 30,2016. …
Sun Communities Declares Three Quarterly Dividends Read More
In a survey conducted by the National Association for Home Builders (NAHB), 59 percent of would-be homebuyers said $249,000 was their limit to spend on a new home, but 65 percent of the homes begun in 2015 were over that limit. According to what builderonline tells MHProNews, 31 percent set …
Homebuyers Seek Lower Price on Site-built than the Offering Read More
Craig Hillis, executive director of the Manufactured Housing Communities of Washington (MHCW), says with the median price of a traditional home hitting $260,000 in the Seattle area, an increase of 11% in the last year, time should be ripe for the onset of manufactured homes to fill the void of …
Affordable Housing Crisis hits Seattle, as Manufactured Homes are Said to be Waning Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews the free seminars for community managers/owners regarding the array of laws and regulations affecting communities has drawn over 100 members in three different cities. Open to members and non-members alike, the next gathering will be Wed. June 15, 2016 …
Iowa MHA Leading Seminars on Community Regulations Read More
The resident-owned Trailer Terrace manufactured home community (MHC) just outside Great Falls, Montana is set to have its water system totally redone compliments of $1 million in funds from the State Revolving Loan Fund Loan Program. The money was previously approved for the community through the South Winds Water and …
Montana Resident-owned Community Getting Affordable Water System Read More
For many years rural housing issues have been to the housing market what middle America has been to the east and west coasts—the flyover zone. Eighty percent of U. S. land is rural comprising just 20 percent of the population, says CoreLogic‘s Faith Schwartz, adding that rural housing is “a …
MHProNews has been fielding industry responses via email, phone and text to the report and analysis linked below. Why did 4-9-2016 MHI Housing Alert mislead Association and industry members? Based upon early feedback, MHProNews sent the following inquiry to MHI members for their response. The inquiry included the link above, …
Manufactured Housing Institute members react-Allegations of Misleading MHI Housing Alert Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews that IMHA members Eddie and Cheri Cole, owners of Forest View Mobile Home Court, are involved in a development project that will benefit their residents. A multimillion dollar project proposed for Iowa City, Iowa on the current site of …
Repurposing of MH Community will be a Positive for Residents Read More
A violent hail storm that hit Yellowstone County in Montana dented vehicles, destroyed gardens, broke windows and ruined roofs in Laurel, Montana. However, the most damage occurred at Alder Ridge Estates manufactured home community where some 50 homes suffered visible damage to the vinyl siding on the west side of …
Hail Storm Takes Toll on Newer Manufactured Homes in Montana Read More
The North Dakota Manufactured Housing Association (NDMHA) is questioning the city of Minot’s decision relocating manufactured homes out of Odd’s Mobile Home Park to make way for a proposed flood protection project, according to minotdailynews. Kent French, association member in charge of governmental affairs, said the city used state and …
City Moves Manufactured Homes, Installs them Improperly Read More
MHProNews has learned from thedailynewsonline that New York Gov. Andrew Coumo has announced $59 million in funds to rehabilitate, construct and otherwise contribute to a decent place to call home for income eligible applicants who own their own homes, including replacing manufactured homes. Operated through the New York State Homes …
New York Commits $59 Million to Rehab/Replace Housing, including Manufactured Homes Read More
The Department of Energy (DOE) sent the Manufactured Housing Institute (MHI) a copy of the proposed new energy standards rule before its official publication, leading MHProNews and MHLivingNews publisher L. A. “Tony” Kovach to contact M. Mark Weiss, the President and CEO of the Manufactured Housing Association for Regulatory Reform …
MHARR’s Mark Weiss Chides the DOE and MHI for their “Buddy System” Read More
Fannie Mae/Freddie Mac seller/servicer and Ginnie Mae issuer, Platinum Home Mortgage tells MHProNews it has opened a branch in Jupiter, Florida, its seventh new location this year. In addition to an in-house manufactured home financing program, the bank will offer conventional, non-qualified mortgage, Federal Housing Administration (FHA), Veterans Affairs, U. …
Manufactured Home Lender Opening Branch in Jupiter, Fla. Read More
Following a post MHProNews last covered Dec. 17, 2015 regarding Spruceland Properties, Inc.’s disposition of its assets, as of June 1, 2016 it has finalized the sale of its two manufactured home communities for $40.6 million. Jubilee Landing in Sherwood Park, Alberta, and Willow Park Estates in Leduc, Alberta went …
Spruceland of Canada now Divested of its Two Manufactured Home Communities Read More
