Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town …
Cooperative Community Coping with Decrease in Residents Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from …
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
The Press-Enterprise reports that the city of San Jacinto, California, is planning to annex some land that includes Country Lake Mobile Home Community. Country Lake residents are protected by a rent control ordinance in Riverview County, but San Jacinto does not have rent control, so any agreement could apply only …
Rent Control on the Table as City Plans Annexation Read More
The Times Daily reports from Northern Alabama that Federal Emergency Management Agency (FEMA) homes have started arriving in Franklin County to house victims of the April 27 tornadoes in areas where rental housing is limited. Eleven homes arrived over the weekend, and 30 more FEMA homes are expected by local …
The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the …
Longtime Land Lease Community in North Carolina to Close Read More
Bluffton Today from Bluffton, South Carolina, in the low country, says ground has been broken on a $10 million affordable modular housing community that will eventually contain 68 apartments. It is common in Bluffton to see million dollar homes right next to more modest dwellings, including manufactured homes. Said Mayor …
Following up on a story from May 3, the San Diego Union-Tribune reports that the Oceanside California City Council voted 5-3 during a contentious three-hour meeting to phase out rent control for the residents of factory-built homes. The new ruling will only affect new residents to the communities, not current …
California City Council Ends Rent Control in Land Lease Communities Read More
In a communication from American Land Lease, Inc., MHMSM.com learned of the company’s newest community brand, Clearview Communities, an all-age community with many fitness and social activity opportunities and amenities that appeal to the higher-end manufactured housing resident. Operating out of Clearwater, Florida, this real estate investment trust (REIT) owns …
New Community Springs from Large Land Lease Operator Read More
Leagle reports Manufactured Housing Communities of Arizona, Inc. (MHCA), an organization representing community owners, is suing Gene Palma, the Director of the Arizona Department of Fire, Building and Life Safety. MHCA seeks to overturn a ruling requiring the owners of Cherokee Village MH and RV Park to reimburse home owners …
Arizona MH/RV Community Lawsuit Involves Wrangling Over Gas Lines Read More
The San Diego Union-Tribune reports Jerry Kern, city council member of Oceanside, California, wants to phase out rent control in the city’s 19 land lease communities with the proposal applying only to new residents. The current ordinance is administered by the city and limits rent increases to a percentage of …
From Pennsylvania, Lancaster Online spoke with emergency management officials concerning tornado preparedness in southeastern Pennsylvania, in the wake of the devastating tornadoes in the southern U.S. The area has several land lease communities, and is the single area in the state where tornadoes historically have struck. The Lancaster County Emergency …
From California, The Sun of San Bernardino County says that the City Council of Yucaipa released a 49-page report on new methods to monitor homesite rents at manufactured communities. The report was criticized for being twice as long as the ordinance itself, and also for pitting residents against community owners. …
Business Wire reports that Wells Fargo (NYSE:WFC) has been chosen for the fifth year in a row as Community Lender of the Year by the Manufactured Housing Institute ((MHI) at their annual Congress & Expo in Las Vegas. Wells Fargo Multifamily Capital has originated over $4.7 billion in community loans …
Corporate Giant Selected as Best MH Community Lender Read More
Las Vegas, NV – April 27, 2011. Joe Stegmayer (Chairman & CEO, Cavco Industries and present Chairman, MHI) addressed the attendees at MHI’s 2011 Congress & Expo in Las Vegas, NV. He noted that Land Lease Communities (LLCs) have done better than most sectors of the housing industry, which has …
Opening Remarks of MHI Chairman Joe Stegmayer at Vegas Congress Read More
Following up on a post from April 7, the Los Angeles Daily News says a majority of residents of Oakridge Mobile Home Park support an LA city plan to install 60 new manufactured homes in the community and rent them to qualified applicants as affordable housing. A 2008 wildfire destroyed …
The Oakdale Patch of Minnesota reports that Rep. Nora Slawik of the Minnesota House of Representatives has introduced bill number HF1430 to provide low-cost mediation when residents of a manufactured home community have a disagreement with community owners. In the past, many communities have been family-owned and were responsive to …
Legislation Would Provide Legal Recourse for Community Disputes Read More
SmarTrend says the cash flow in two of the top five residential Real Estate Investment Trust (REIT)s are manufactured housing community owners. With a price per share of $58.18 and a free cash flow of $3.76 per share, Equity Lifestyle Properties (NYSE:ELS) has a price to cash flow ratio of …
Two of Five Best REITs are Top MH Community Owners Read More
The Raleigh Public Journal reports the tornado that tore through North Carolina April 16 destroyed 63 single-family homes in Raleigh, according to the Raleigh Department of Inspections. Fifty percent more stick built homes than pre-HUD code homes were destroyed. Major damage occurred at 184 dwellings, and 851 suffered minor damage …
New Jersey reports that Mercer Mobile Home Park in Robbinsville, New Jersey, is being bought by a non-profit group, Allies Inc., with part of the funding coming from Robbinsville’s affordable housing public trust fund. The 140 homesite community will meet the city’s requirement for investing in affordable housing. Many of …
Factory-built Community to be Acquired by Non-profit Read More
