Washington, D.C., September 3, 2012 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry rebound that began in August 2011 has now reached the one-year benchmark, with twelve …
CONSECUTIVE PRODUCTION INCREASE REACHES ONE-YEAR MARK Read More
Hodge Named MHI Vice President – National Communities Council MHI President and CEO Richard Jennison announced yesterday that Jenny Hodge has been named MHI’s Vice President – National Communities Council. Hodge, formerly Vice President of Marketing for the American Integrity Insurance Group of Tampa, Fla., will be responsible for creating, …
As follow-up to a story we published July 5, 2012 about four shipping containers converted into an energy efficient modular home with Energy Star appliances and other green technology features, neighborhood residents continue to be upset about the modern-look building fitting in with 1950’s style homes that dot the area …
US Treasury Hastens Demise of GSEs The Treasury has revamped its bailout terms for Fannie Mae and Freddie Mac, accelerating the pace at which taxpayers will see their money returned. The firms will have to shrink their investment portfolios faster, and the Treasury will claim all profits that they earn …
he Idaho Statesman reports from Boise’s Adam Hiaring, assistant manager at a Clayton Homes dealership, that customers have been able to buy a house on layaway, saving up a down payment while locking in the price and mortgage rate, since March of this year. Hiaring says sales have been good …
mlive tells MHProNews the Swartz Creek Meadows MHC in Lennon, Michigan has until Aug. 31 before the Clayton Township Board of Trustees initiates legal action for unpaid water, sewage, and property taxes totaling $167,697.73. Swartz Creek owner MHPI Inc., does not deny it owed the township, but a misunderstanding at …
Azstarnet says mortgage analytics firm Digital Risk, noting credit scores such as FICO failed to anticipate many strategic defaulters during the mortgage bust years, has developed a 123 point statistical cluster of borrower, market conditions, and property data which will more accurately predict how an applicant may react to financial …
northescambia tells MHProNews approximately 25 percent of the dwellings in Century, Florida are manufactured homes and the town is considering methods to regulate their placement and condition. Of the 203 units in this town, located in the panhandle very near the Alabama line, sixty percent are pre-1995 and only 25 …
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion …
SanteePatch reports from Santee, California that the city’s 12 manufactured housing communities account for 12 percent of all the homes in this town just east of San Diego. Seven of the MHCs are 55+ communities, and in 1989 the city enacted a rent control ordinance which has been successfully upheld. …
Key Senate Banking Leader Unveils Manufactured Housing Relief Legislation On August 2nd, Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs’ Subcommittee on Financial Institutions and Consumer Protection, formally introduced legislation (S. 3484) to reduce regulatory burdens impeding access to affordable manufactured housing financing. The bill …
Following up on a story we have been covering for over a year, and last reported on July 25, 2012, voicesnews says the Conservation Commission, Inland Wetlands Agency (CCIWA) in Oxford, Connecticut, has acknowledged receipt of Garden Homes Management’s newest application for a 124-unit manufactured housing complex despite not having …
CSRWire reports non-profit National Equity Fund (NEF) and financial giant Morgan Stanley are committing $25 million more in capital to support development of affordable housing and a jump start to local economies in devastated areas following catastrophic tornadoes and flooding. The current Rebuilding Local Economies Fund has reached $125 million. …
For Profit and non-Profit Partner in Disaster Areas Read More
CNNMoney says according to Zillow, home values rose +0.2% year-over-year in the second quarter to a median of $149,300, the first annual increase since 2007. The real estate listing site also said prices increased 2.1% from the first quarter. Even though overall home prices continue to be 24% down since …
Attached for your review and information is a July 19, 2012 letter to HUD Assistant Secretary for Housing-Federal Housing Commissioner Carol Galante (the HUD appointed official with direct responsibility for the federal program in the absence of a non-career program administrator as required by law but denied by HUD). With this …
MHARR Presses HUD Commissioner on various pending Title VI Issues Read More
House Passes FY 2013 Appropriations for HUD — Manufactured Housing Program Reductions Enacted On June 29th, the House passed the FY 2013 Transportation-HUD Appropriations bill, H.R. 5972, which includes funding of up to $4 million for the Manufactured Housing Program. These funding levels remain substantially unchanged from the House Appropriations …
KamloopsNews reports Leonard Estates Trailer Park residents in Kamloops, British Columbia, Canada have evacuated their homes due to a raw sewage leak seeping from the ground along a row of a dozen modular homes in the community. Located on aTk’emlup First Nation Indian reserve, Health Canada (HC) found several spots …
Top National News Mortgage Rates May Not Have Hit Bottom Record-low interest on 30-year mortgages could drop even lower due to a sluggish economy and European recession, predicts Freddie Mac chief economist Frank Nothaft. The rate hit its lowest mark ever last week at 3.56 percent, but Nothaft says it …
IN THIS REPORT: MHARR INTENSIFIES CALL FOR CHATTEL SUPPORT DODD-FRANK REFORM NOT IMMINENT MHARR CAUTIONS ACCESS BOARD AND HUD HOUSE PASSES REDUCED FUNDING FOR HUD PROGRAM AO FUNDING “GLITCH” CONTINUES MHARR CALLS FOR FULL SUPPORT AND REVIVAL OF MH CHATTEL LOANS With more than 70 percent of all manufactured homes …
At its meeting tonight, July 10, the Rockingham (North Carolina) City Council will consider a re-zoning request by Charles Seago to allow up to nine manufactured homes to be sited on land he owns. He currently has five homes on the property but wants to expand to nine homes, according …
