Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life …
More Oversight Sought for Manufactured Home Communities Read More
Following a story MHProNews.com first posted March 3, 2014 regarding the condemning and shuttering of Life O’Riley Mobile Home Park in Lansing, Michigan by the Ingham County Health Department, State Rep. Andy Schor (D-Lansing) plans to introduce legislation to give local authorities more control over manufactured home communities (MHCs). Currently, …
Legislation will Give Cities more Control to Manufactured Home Communities Read More
MHProNews.com has learned that UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites with an average 70 percent occupancy rate, for $24,950,000. A public real estate investment trust (REIT), marketwatch.com reports the company owns and operates eighty-two manufactured home communities …
Representatives from Clayton International Homes in Middlesboro, Kentucky and members of the Claiborne Planning Commission (CPC) in Clairborne County, Tennessee discussed new regulations governing manufactured homes being sited by their owners on privately-owned land. CPC Chairman Jerry Brooks wants to make sure roads in the developments are adequate for emergency …
Regulations Proposed for Manufactured Home Communities in Tennessee Read More
MHProNews has learned from cpexecutive.com Bethesda, Maryland-based Beech Street Capital has refinanced eight manufactured housing communities for $158 million through Fannie Mae. Chad Thomas Hagwood of Beech St. says, “The refinance has enabled Beech Street to provide affordable housing in relatively high-cost markets.” The seven-year, fixed-rate loans have a 10-year …
Beech St. Capital Refinances Manufactured Home Communities Read More
A proposal by the Austalian Tax Service to apply the ten percent Goods and Services Tax (GST) to manufactured home communities (MHCs) has residents of the communities up in arms, MHProNews has been informed. A ten percent increase at Sunstrip MHC in Blacksmiths would result in a $1000 a year …
Aussie Proposal would Hit Manufactured Home Communities Hard Read More
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain …
City wants to Retain Manufactured Home Communities Read More
The 15 manufactured housing communities (MHC) in Callaway, Florida near Panama City range from modern developments with newer homes and paved streets to older flat-roofed factory-built homes sited on rough roads with no paved parking. A 1998 ordinance regulates new MH developments, but now a city commissioner wants pre-ordinance communities …
City Hopes to Upgrade Older Manufactured Home Communities Read More
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate …
New Company Operates Senior Manufactured Home Communities Read More
NorthFortMyersNeighbor reports that manufactured home communities in Lee county may be allowed to keep their recycling programs in place. In a recent 3-2 vote, Lee County (FL) Commissioners voted to have staff come back with a revised ordnance that will “grandfather-in” the parks’ way of handling recycling. 23 manufactured home …
Manufactured Home Communities may win on private recycling plan Read More
BusinessWire reports that Equity Lifestyle Properties (ELS) has closed on 7 more manufactured home communities as of Sept 1, 2011. The 7 land lease communities were part of a package of 75 that were announced on May 31st, 2011 and one RV resort, 31,167 sites on approximately 6,500 acres located …
WIFR and RockfordRegisterStar report that Rockford area manufactured home communities were among those awarded grants by the Illinois EPA for upgrades to their water systems. Illinois EPA Interim Director, Lisa Bonnett awarded close to $2 million to 18 small communities across the state for repair and improvements to their public …
Manufactured Home Communities recieve grants to improve water systems Read More
Newsystocks reports that equities research analysts at Ladenburg Thalmann initiated coverage on Sun Communities Inc (NYSE: SUI) in a research note to investors on Wednesday. Thalmann set a “buy” rating on Sun stock and a $43.00 price target. Analysts at The Benchmark Company raised their price target on shares of …
Analysts rate a Manufactured Home Communities REIT a buy Read More
PressEnteprise reports that Calimsa’s CA City Council will review the rent control ordinance on August 15th. A full house is expected as residents and community owners plan to attend the hearing. City Manager Randy Anstine stated they will make no decisions but will take input on the topic. A sunset …
Rent Control in manufactured home communities on the agenda Read More
BusinessWire reports that on August 1, 2011 Equity LifeStyle Properties, Inc. (NYSE:ELS), closed on 16 more properties in the acquisitions from Hometown America. The purchase price on those properties is approximately $436 million. As previously reported on MHMSM.com, on July 1, 2011 the Company closed on 35 of the acquisition …
Equity Lifestyle Properties closes on 16 more manufactured home communities Read More
The Chicago SunTimes, Chicago Tribune, Journal Record and Des Monies Register have all reported in recent months on issues relating to resident complaints in manufactured home communities. A recent example is in Glenview, IL, where the Chicago Tribune reported on Sunset Village MHC, which is now in the hands of …
Manufactured Home Communities Dogged by Resident Complaints Read More
A real estate broker in Phoenix says he has sold three manufactured home communities in the last two months to out-of-state investors. Russ Warner says the growing senior presence and the stability of the investment are fueling demand across the country. He notes that investors who have left this portfolio …
UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215 …
UMH Properties Closes On Five PA Manufactured Home Communities Read More
In Cityscape: A Journal of Policy Development & Research Volume 12, No. 2 published by the US Department of Housing and Urban Development, an article entitled “Trailers and Trouble? An Examination of Crime in Mobile Home Communities” concludes that there is no significant difference between the rates of crime in …
Southway Villa is listed as a Legacy Communities owned property in Brooksville, Florida where Stephen Fucheck’s and his manufactured home’s front screen room gives him a pleasant view of a lake. “I’ve got plenty of nature here. I love the house and I’m going to stay here until the day …
