The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became …
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now …
After spending a day cleaning up debris around Wimberly, Texas, in the wake of the flooding that ravaged parts of the state, Alberto Pina, general manager of Mobile Homes Direct 4 Less, is offering new manufactured homes at cost to people who lost their homes, according to PRWeb. “The pictures …
Texas Dealer Offering Manufactured Homes at Cost to Flood Victims Read More
Lowndes County Planning Commission members in Valdosta, Georgia listened to Lowndes County Planner Jason Davenport propose changes to the Moody Air Force Base zoning regulations. The change would balance the scale between the base and property owners in the Moody Activity Zone (MAZ), according to valdostadailytimes. Noting that current amendments …
Georgia Jurisdiction will allow Upgrades to Manufactured Homes Read More
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). …
Insider Trading at Sun Communities: Randall K. Rowe Read More
The Ohio State Senate passed the state budget June 18, 2015 less the EPA (Environmental Protection Agency) provision that would require manufactured home communities (MHCs) to escrow 15 percent of the cost of a replacement water system, though not to exceed $250,000. It would have also allowed rental income to …
Objectionable EPA Provision may be Removed from Ohio Budget Read More
A Missouri Supreme Court decision from two years ago that made the sale of used manufactured homes (MH) taxable has been reversed and signed into law by Governor Jay Nixon. Introduced by Rep. Sandy Crawford as HB 111, the sale of used MH had not been taxable for the 20 …
MHProNews has learned Wells Fargo Commercial Real Estate has hired two industry veterans as it expands its presence in the manufactured home communities (MHC) lending sector, following the acquisition of a $9 billion portfolio of commercial real estate loans from GE Capital Real Estate that includes MHC-focused funds. Lew Grace …
Wells Fargo Beefs Up Manufactured Home Community Lending Sector Read More
Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) rose +4.21 percent over the last week and +2.24 percent in the last four weeks, earning a consensus recommendation of “Buy” from analysts. The shares have outperformed the S&P 500 by 3.42 percent in the last week, and by 3.02 percent over the …
Manufactured Home Community Owner ELS outpaces S&P 500 Read More
The Santa Clarita (California) City Council is ready to consider revisions to the ordinance that governs rents for residents of area manufactured home communities (MHCs), according to signalscv. The revised proposal would base the rate on the consumer price index, setting the floor for annual increases at 2.6 percent and …
Rent Control Expanded to Include Fair Rate of Return and Non-Standard Increases Read More
City Attorney Glenn Vasser of Prescott, Arkansas proposed a new mobile home ordinance at the recent Prescott City Council that puts it on the same legal footing with site-built homes in terms of foundations and placement as it relates to neighboring structures. Manufactured home communities (MHC) must be at least …
New Ordinance Details Siting of Manufactured Homes Read More
In manufactured housing news, UMH planning MHC as other MHCs closing, programs help MH buyers, MHC sells for $98k per homesite, Texas reports MH sales. In modular news, Magnolia Homes may be revived, Brad Pitt moves mods to Indian Rez, Mods house Irish homeless, micro mods go urban. In company …
Sunday Morning Recap June 14, 2015 to June 20, 2015 Read More
The Delaware Sustainable Energy Utility says thousands of Delawareans are living in energy inefficient manufactured homes whose residents are spending twice as much per square foot on energy costs, according to wdel107fm. Tony DePrima, executive director of the state-created organization, said his staff is working on a pilot program that …
Pilot Program will Provide Energy Efficient Manufactured Homes in DE Read More
A proposal by UMH Properties, Inc. originally presented ten years ago for 253 modular homes in Coxsackie, New York has re-emerged as a manufactured home community (MHC) development with 161 homes. The original plan ran into community opposition as well as a threat to an endangered bird species and a …
UMH Properties Alters Plans from Modular to a Manufactured Home Community Read More
The Kentucky Housing Corporation (KHC) is offering $6 million in loans at a one percent, fixed-rate, 30-year mortgage for low-to-moderate income homebuyers in the SOAR (Shaping Our Appalachian Region) area of Kentucky, according to an announcement by Lt. Gov. Crit Luallen. Established in 2013 by Gov. Steve Beshear and Rep. …
The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …
Following a story MHProNews last posted June 2, 2015 regarding Cavco Industries, Inc.’s request for a tax abatement following its acquisition of manufactured homes producer Fairmont Homes, the Nappanee City Council met for a public hearing on the request Mon., June 15. No one from the public spoke either for …
Public Hearing Follows Cavco’s Request for Tax Abatement Read More
MHProNews has learned Jeffrey Gendell continues to sell his shares in Patrick Industries, Inc. (NASDAQ:PATK) as he did May 25, and June 8, 2015. Most recently he sold another 3,748 shares at $37.20 each for a net of $139,503, according to octafinance. In total he has sold 72,783 shares for …
MHProNews has learned the Ohio Manufactured Homes Association (OMHA) is opposing State Senate Bill 113 which would require owners of manufactured home communities (MHCs) to pay for cleanup of any meth lab discovered on their property, regardless of their knowledge of the crime. There is a push in the Senate …
Ohio Measure would Require Community Owners to Clean up Meth Labs Read More
Reservations for the RV/MH Hall of Fame Induction Dinner honoring the Class of 2015 are already ahead of last year’s, according to Committee Chairman Mark Wasson (Bluelinx Corp.), with over 153 registrations in the hopper for the Aug. 3, 2015 event. Darryl Searer, president of the RV/MH Hall of Fame …
Reservations for Induction Dinner Ahead of Last Year Read More
