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Report on Advertising Rules Change— New Reg N  – Financing and Credit Advertising

by Elizabeth Birch, JD As you have heard from previous announcements, there’s a new sheriff in town – the federal Consumer Finance Protection Bureau (the “CFPB”).  The Federal Trade Commission (the “FTC”) has long been the federal enforcer of market advertising of finance and credit and Ohio has state laws that …

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mhilogo-Manufactured and modular housing industry news uncategorized

MHI Week In Review — August 9, 2013

MHI News Congressional Recess Provides Opportunity to Showcase Role of Manufactured Housing and Build Support for H.R. 1779 With Congress on recess until September 9th, MHI urges industry members to continue their efforts to secure co-sponsors to the Preserving Access to Manufactured Housing Act (H.R. 1779). For more information on the …

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Iowa Climbing Back from Low Manufactured Home Sales

While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for 44 years in east central Iowa, Hames says new home sales in the state were 2,200 …

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Modular Housing Rising in West Africa

Ghana, in West Africa is beginning a 5,000 modular housing project to provide affordable housing in Sege, in the Dangme East District. Deputy Minister for Water Resources, Works and Housing, Sampson Ahi says building will begin next month. A Brazilian construction company will install the homes which are being built …

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Collaborative Effort will Improve Lives of Manufactured Home Residents

Realizing the importance of manufactured home communities as supportive social networks, Karen Chase helped organize the Housing Stock Upgrade Initiative—now a non-profit called ReHome Oregon—to repair, rehabilitate, and replace manufactured homes. With help from a variety of federal, state and local public and private entities, residents of manufactured homes in …

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City to Build Modular Multifamily Affordable Housing

The Portland (Maine) Housing Authority is planning a 42-unit modular apartment building to provide housing for individuals and families who earn between $18,000 and $45,000 a year. With rents ranging from $535 to $1,000 a month, the $7 million project, Bayside Anchor, will be financed with federal tax credits. Projects …

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mhilogo-Manufactured and modular housing industry news uncategorized

MHI Week In Review — July 26, 2013

MHI News House Financial Services Committee Approves PATH Act; Provides Manufactured Housing Industry Boost to Dodd-Frank Relief Efforts On July 24th, the House Financial Services Committee approved legislation (H.R. 2767) that reforms the nation’s housing finance system by winding down Fannie Mae and Freddie Mac and replacing them with a …

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Construction of World’s Tallest Building (Modular) on Hold

Updating a story MHProNews published June 19, 2012 regarding the Broad Group’s plan to build the tallest skyscraper in the world using modular construction, the July 20, 2013 groundbreaking in China’s Hunan Province was a festive affair but short-lived: Local government officials suspended the project allegedly because the Broad Group …

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Old RCMP Post may become Affordable Modular Housing

The District of Summerland in British Columbia, Canada is looking to replace an old Royal Canadian Mounted Police (RCMP) post, possibly with affordable modular housing. Summerland Mayor Janice does not like the idea of high-rise apartments, but is open to ideas from developers for the two acres, especially for dense …

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Board Rejects Seizing Manufactured Homes

The Board of Selectmen in Exeter, New Hampshire voted unanimously to issue a tax deed on a single-family home, thereby taking ownership of the home, but issued deed waivers on eight manufactured homes (MH) which are located in communities. All of the MHs have delinquent taxes going back to 2009, …

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Amendment would Change Definition of Affordable Housing

Massachusetts’ controversial Chapter 40B provision allows developers to build housing complexes that do not conform to local zoning ordinances if the town does not have ten percent affordable housing in its stock. Belcherton, in west central Mass., has only 6.4 percent affordable housing, and its Board of Selectmen are considering …

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MHARR News Release JULY 16, 2013

Ensuring the Future of Manufactured Home Financing- Including the securitization of Chattel Loans Industry and Consumers Face Crucial Challenge on Chattel Financing GSE Reform Takes Shape in Congress As announced in June 2013, MHARR has prepared a white paper analyzing the treatment and status of HUD Code manufactured home financing …

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mhilogo-Manufactured and modular housing industry news uncategorized

MH NewsWire – July 16, 2013

  Top National News Conditions Are Ripe for Household Formation Data from several analysts points to a sharply positive shift in U.S. household formation that has triggered rising demand for all types of housing over the past couple of years, including multifamily and single-family rental and ownership. The analysts wrote …

MH NewsWire – July 16, 2013 Read More

mhilogo-Manufactured and modular housing industry news uncategorized

MHI Week In Review — July 12, 2013

MHI News MHI Achieves Victory in Key CFPB Appraisal Rulemaking On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs). The appraisal requirements for higher-priced mortgages were imposed by …

MHI Week In Review — July 12, 2013 Read More

City Revises Manufactured Housing Rule to be in Sync with State Law

The Liberty City Council in Liberty, Tex., just northeast of Houston, revised its ordinance regarding the replacement of a manufactured home destroyed in a natural disaster so it aligns with state law. A home ruined by a fire or natural catastrophe does not count under the one-time replacement rule as …

City Revises Manufactured Housing Rule to be in Sync with State Law Read More

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