RV MH Hall of Fame SHOCK–Nathan Smith Flagship Communities (TSX: MHC.U) Spotlight-Manufactured Housing Institute ‘Congratulates’-Analysis Pulls Back Curtain on MHVille Shenanigans, plus MHMarkets


“MHI Congratulates the 2024 Inductees to RV/MH Hall of Fame,” says a headline from an MHI ‘news’ email update on 2.14.2024. It appears that all of the manufactured housing inductees for the RV MH Hall of Fame have clear ties to the Manufactured Housing Institute (MHI). The balance of that MHI news item named Nathan Smith of Flagship Communities (TSX: MHC.U) among those inductees.  That will be explored in this focused fact check and analysis by MHProNews. To be clear, while some of these individuals and/or companies may also have apparently problematic issues, this report will focus on Nathan Smith and Flagship Communities.


Part I

Quoting a segment MHI’s email of 2.14.2024.

QuoteMarksLeftSideThe RV/MH Hall of Fame announced the 2024 inductee class. The manufactured housing inductees are:

  • Charlie Hemphill, Clayton Homes;
  • Sam Landy, UMH Properties;
  • Kamal Shouhayib, Choice Properties;
  • Nathan Smith, Flagship Communities; and
  • Todd Su, Advantage Homes.”

There have been times that the RV MH Hall of Fame provided an award to someone who later was caught up in a scandal or legal issue.  There is an argument to be made that an example of that was the case of Joseph “Joe” Stegmayer. Stegmayer, formerly associated with Cavco Industries (CVCO) and Clayton Homes (BRK), received the induction award from the RV/MH Hall of Fame in the year 2016. About 2 years later, the Securities and Exchange Commission (SEC) announced a probe of Stegmayer, Cavco, and some other specific individuals who had ties to the Manufactured Housing Institute (MHI). Eventually, Stegmayer and Cavco entered into sizable (7 figure) settlements.




Certainly, when an award is giving to someone who is living, there is always the possibility that something emerges that may later make for an awkward scenario for the RV MH Hall for giving an award to someone with what turned out to be a problematic history that had not been known prior to their getting the ‘honor.’ That noted, it seems particularly dubious to give an RV MH Hall of Fame award to someone who has a known history of questionable or problematic behavior.

“Nathan Smith is one of the co-founders for SSK Communities, which later rebranded and went public as Flagship Communities. What are some of the controversies involving Smith, SSK Communities, and Flagship? For example, what have been the BBB ratings of for SSK/Flagship? Was SSK involved in a class action suit by some of their own residents? What other controversies have emerged?”

BingCopilotAI-Screen1.3.2024MHLivingNews…Nathan Smith, a co-founder of SSK Communities, has been associated with several controversies related to SSK and its subsequent rebranding as Flagship Communities. Let’s delve into some of the key points:

  1. Better Business Bureau (BBB) Ratings:
  2. Class Action Suit and Predatory Behavior:
  3. Alice Sparks and Drama Behind the Scenes:
  4. Flagship Communities IPO Controversy:
  5. Other Legal and Regulatory Concerns:

In summary, the journey from SSK to Flagship Communities has been marked by legal battles, regulatory scrutiny, and negative publicity. The BBB ratings, class action suits, and other controversies have shaped the narrative around this company. 🏢🔍

Learn more

As longtime and detail-minded readers of MHProNews know, Nathan Smith is one of the co-founders of SSK Communities. SSK Communities eventually rebranded and went public as Flagship Communities (TSX: MHC.U) on the Toronto Stock Exchange (TSX).  Q&As with Bing’s artificial intelligence (AI) powered Copilot sheds light on that scenario.


> “Is it accurate to say that TSX doesn’t have as stringent a standard for going public as the major American stock exchanges?”

BingCopilotAI-Screen1.3.2024MHLivingNewsIndeed, the Toronto Stock Exchange (TSX), while maintaining robust standards, is generally considered to be less stringent than major American stock exchanges when it comes to companies going public. Here are some key points to consider:

  1. Listing Requirements:
  2. Management Experience:
  3. Costs of Going Public:

In summary, while the TSX maintains high standards, it is often perceived as having a more accessible entry point for companies seeking to go public compared to major American exchanges. However, each exchange has its unique requirements and considerations…”


> “There have been evidence based concerns raised that the powers that be behind the Manufactured Housing Institute have ‘weaponized’ the awards given by that association and have effectively taken control of the award process for manufactured housing industry members at the RV MH Hall of Fame through donations, board positions, and perhaps by other means. Shed light on those concerns.”

BingCopilotAI-Screen1.3.2024MHLivingNewsIndeed, there have been well-founded concerns raised regarding the Manufactured Housing Institute (MHI) and its influence over industry awards, particularly those bestowed by the RV/MH Hall of Fame. Let’s delve into the details:

  1. Award Process and Influence:
  2. Potential Issues:
  3. Sinister Implications:
    • While not proven, the situation hints at a potentially sinister side where MHI’s influence extends beyond mere recognition.
    • The intertwining of donations, board positions, and other means could create an environment where certain companies gain an unfair advantage.

In summary, the concerns surrounding MHI’s control over industry awards warrant scrutiny. Transparency, independence, and ethical practices are crucial to maintaining the integrity of such accolades. 🏆🔍 …”

While that response could be refined, Copilot’s response beyond the ellipsis shown included links the following reports.




Manufactured Housing Institute (MHI) Excellence Awards Finalists Include “Predatory” Legal, Ethics Claims – MHC Operators, Producers, Finance – Friday Follies – Plus Manufactured Home Stock Updates


> “Does it appear to be potentially awkward for the RV MH Hall of Fame and the Manufactured Housing Institute to have an award winner a firm and leader that has an extensive history of leadership at MHI (i.e.: Nathan Smith, SSK, Flagship Communities)? Are there potentially legal issues that have or still might arise as a result of these examples?”

BingCopilotAI-Screen1.3.2024MHLivingNewsThe intersection of the RV/MH Hall of Fame and the Manufactured Housing Institute (MHI) indeed presents a complex situation. Let’s explore the potential implications:

  1. **Perceived Bias and Influence:
    • When an award recipient has a significant history of leadership within an organization like MHI, it can raise eyebrows.
    • The perception of favoritisminfluence, or bias may arise, especially if the award process lacks transparency.
  2. **Conflict of Interest:
    • Nathan Smith’s leadership roles at both SSK Communities and Flagship Communities, along with his ties to MHI, create a potential conflict of interest.
    • The awarding organization should ensure that its decisions are not influenced by personal relationships or organizational affiliations.
  3. **Legal Implications:
    • While not necessarily illegal, such situations can lead to legal challenges.
    • Shareholders of publicly traded companies may question whether the award reflects genuine merit or is merely a result of connections.
    • Disclosure Obligations: Companies must disclose any material information that could impact investors. If the award is deemed material, it should be disclosed.
  4. **Reputation and Integrity:
    • The RV/MH Hall of Fame’s reputation hinges on the integrity of its awards.
    • If controversies emerge or if the process is perceived as compromised, it could tarnish the institution’s standing.
  5. **Mitigating Factors:
    • The Hall of Fame could address concerns by ensuring a transparent, independent award process.
    • Recusal: Board members with close ties to award recipients might consider recusing themselves from relevant decisions. …”


Copilot added that “the situation warrants vigilance” as no proven violations of the law are yet known to exist. Several points raised by Copilot merit highlighting.

Quoting Copilot’s insights above.


  • Board members with close ties to award recipients might consider recusing themselves from relevant decisions.
  • Nathan Smith’s leadership roles at both SSK Communities and Flagship Communities, along with his ties to MHI, create a potential conflict of interest.
  • Shareholders of publicly traded companies may question whether the award reflects genuine merit or is merely a result of connections.
  • Disclosure Obligations: Companies must disclose any material information that could impact investors. If the award is deemed material, it should be disclosed.  …”

MHProNews has reported on the legal issues of materiality from the SEC’s statement linked here.

Additional information on Flagship and Smith are found in the reports linked below.


Elements from Flagship Communities REIT LOGO Photos ESG Report for 2022 published in 2023 Manufactured Home Pro News







As a disclosure and programming notice, MHProNews originally planned to do a report today was going to do a closer look at Flagship’s IR pitch.  It is likely too late for them to change it, as much of what our report would have covered is already in hand. That noted, there will be a follow up report by MHProNews that will in the near term focus on Flagship/(TSX: MHC.U). It should shed significant light on why manufactured housing is underperforming during an affordable housing crisis.

For further information on that later point, see the reports linked below.
Rise and Fall of HUD Code Manufactured Housing 1995-2023 – Story of the U.S. Affordable Housing Crisis Behind the Facts

Employees and Contractors of ‘Predatory’ Brands in Manufactured Housing Industry Have Potential POWER in 2024 – Facts, Insights, Analysis in Brief – plus Sunday Weekly MHVille Headlines Recap

Part II – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.


Headlines from left-of-center CNN Business – from 2.14.2024

  • Americans with low credit scores use ‘Buy Now, Pay Later’ more often
  • A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.
  • Delta paying $1.4 billion in profit sharing payments to employees
  • Taylor Swift poses on the red carpet as she attends the 66th Annual Grammy Awards in Los Angeles, California, U.S., February 4, 2024.
  • 1 in 3 Republicans believes baseless Taylor Swift election conspiracy theory, poll finds
  • Jim Breyer and Angela Chao attends the AFI Awards Luncheon at Four Seasons Hotel Los Angeles at Beverly Hills on January 12, 2024 in Los Angeles, California.
  • Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash
  • Starlink satellite antennas are seen at the Internationale Funkausstellung (IFA), the international trade show for consumer electronics and home appliances, on August 31, 2023 during a preview at the fair grounds in Berlin. Starlink is a satellite internet provider operated by Elon Musk’s American aerospace company SpaceX.
  • Elon Musk’s Starlink internet service is coming to a Gaza hospital
  • A Waymo car drives along a street on March 01, 2023 in San Francisco, California.
  • Waymo recalls software after two self-driving cars hit the same truck
  • Apple’s Vision Pro headset is on display at Apple’s annual Worldwide Developers Conference at the company’s headquarters in Cupertino, California, U.S. June 5, 2023.
  • Mark Zuckerberg reviewed Apple’s Vision Pro headset. Here’s what he had to say about how it compares to Meta’s Quest 3
  • The U.S Capitol photographed on Tuesday, Feb. 13, 2024, in Washington.
  • AI could disrupt the election. Congress is running out of time to respond
  • Wendy’s teams up with another fast food chain on a breakfast item.
  • Wendy’s newest breakfast item is made by another fast-food chain
  • Bitcoin euphoria is back as investors prepare for the quadrennial ‘halving’
  • Only real people can patent inventions — not AI — US government says
  • Uber, Lyft and Deliveroo workers in US and UK plan Valentine’s Day strike
  • Singles are sick of dating apps. Here’s what they’re doing instead
  • William ‘Bill’ Post, who helped invent Pop-Tarts, has died
  • An important lesson about your 401(k): Don’t fight the Fed
  • Tinder downloads are falling but the dating app era isn’t over yet
  • MSCI cuts dozens of companies from its China benchmark amid stock market rout
  • Frustrated White House sends letter to press corps, skewering coverage of Biden’s handling of classified files
  • A typo in Lyft’s earnings release sends stock soaring – briefly
  • Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union
  • He was a hero on Alaska Air 1282. Now he’s picketing for ‘livable’ wage
  • Beware misleading AI hype and ‘AI-washing,’ SEC chair warns
  • Surging restaurant prices are making dining out a luxury
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.
Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, neither MHI nor MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including an outreach on Dec 7, 2o23.
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