From eaglevalleynews in southeast British Columbia, Canada MHProNews has learned Sicamous, BC developer Darrel Trouton is seeking municipal approval to site manufactured homes in an area targeted to affordable housing, but requiring rezoning from R1A, urban single-family home to include CSA-approved Z240, which is for manufactured homes (MH), but would […]
Plans Move Forward on New Canadian MH Community Read More
Arthur Tuverson, Managing Director of Pillar’s Manufactured Housing Community/RV Resort Group, has originated an $11.5 million Freddie Mac acquisition loan for Lake Villa Estates manufactured home community (MHC) in Oxford, Michigan, 45 miles north of Detroit, according to rebusinessonline. Featuring 852 homesites on 174 acres, the MHC was built in
Lake Villa Estates Sells for $11.5 Million Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews the free seminars for community managers/owners regarding the array of laws and regulations affecting communities has drawn over 100 members in three different cities. Open to members and non-members alike, the next gathering will be Wed. June 15, 2016
Iowa MHA Leading Seminars on Community Regulations Read More
A violent hail storm that hit Yellowstone County in Montana dented vehicles, destroyed gardens, broke windows and ruined roofs in Laurel, Montana. However, the most damage occurred at Alder Ridge Estates manufactured home community where some 50 homes suffered visible damage to the vinyl siding on the west side of
Hail Storm Takes Toll on Newer Manufactured Homes in Montana Read More
The North Dakota Manufactured Housing Association (NDMHA) is questioning the city of Minot’s decision relocating manufactured homes out of Odd’s Mobile Home Park to make way for a proposed flood protection project, according to minotdailynews. Kent French, association member in charge of governmental affairs, said the city used state and
City Moves Manufactured Homes, Installs them Improperly Read More
MHProNews has learned from thedailynewsonline that New York Gov. Andrew Coumo has announced $59 million in funds to rehabilitate, construct and otherwise contribute to a decent place to call home for income eligible applicants who own their own homes, including replacing manufactured homes. Operated through the New York State Homes
New York Commits $59 Million to Rehab/Replace Housing, including Manufactured Homes Read More
Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally,
Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More
MHProNews has learned from globenewswire that manufactured and modular home producer Cavco Industries, Inc. will release its financials for the fourth quarter of fiscal year 2016 on Thurs., May 26, 2016, after the close of the market. On Fri., May 27, 2016, at 1 PM eastern daylight time, senior management
Cavco Industries Releasing Quarterly Numbers May 26 Read More
The Yellowstone County Commission in Montana unanimously voted against a zone change request from residential tracts to residential manufactured homes (MH) on some 30 acres of vacant land outside Laurel, just south of Billings, but within the city’s zoning jurisdiction following neighborhood complaints against the proposal. Remonstrators allege the development
County Commissioners deny Request to Rezone Land for Manufactured Home Community Read More
MHProNews has learned from thecourier that the city council of Fostoria, Ohio approved legislation establishing new standards for manufactured homes (MH) sited in residential neighborhoods, outside of manufactured home communities. Under the new law, MH must resemble site-built homes, including being set on a foundation and with similar siding materials
Ohio City Sets New Standards for Manufactured Homes Outside MH Communities Read More
In March, the Laramie (WY) City Council lifted the ban on the sale or transfer of mobile homes built prior to standards of the Department of Housing and Urban Development in 1976, as laramieboomerang informs MHProNews. In Dec. 2015 at issue was an ordinance restricting recreational vehicles (RVs) to no
City Council to Consider Checkerboarding of Manufactured Homes and RVs Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease
Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More
Following a story MHProNews posted May 11, 2016 regarding manufactured home community (MHC) owner NorthStar Realty Finance Corp., costar reports NorthStar is selling its portfolio of 135 manufactured home communities to a fund managed by Brookfield Asset Management Inc. for $2.04 billion, 33,010 home sites, the equivalent of $61,800 per
NorthStar Selling Manufactured Home Community Portfolio for $2.04B Read More
MHProNews has learned that Colony Capital Inc., a Los Angeles-based international investment and asset management firm, is negotiating to acquire NorthStar Asset Management Group, Inc. which split off from NorthStar Realty nearly two years ago, resulting in the decline of both stocks. NorthStar Realty is a real estate investment trust
NorthStar Spinning off Manufactured Home Community Portfolio Read More
Three-and-a-half years after Hurricane Sandy ripped up the east coast of the U. S. in Oct. 2012, leaving 7.9 million businesses and households without power, causing 147 deaths in the U. S., Canada and the Caribbean, families are still facing obstacles in resolving housing issues. An information session will be
Manufactured Housing Issues Remain from Hurricane Sandy Read More
What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing
Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More
Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016,
MH Lender Cascade Financial Services Acquired by Centerbridge Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes (MH) increased 26.9 percent in March 2016 over March 2015, 7,110 homes in 2016 over 5,602 homes last year.
Manufactured Housing Production Spikes 26.9% in March Read More
The Manufactured Housing Institute (MHI) tells MHPronews a three year project undertaken by the Department of Energy (DOE) compared the energy-saving attributes of three lab houses of varying designs tested side-by-side under controlled conditions in Russellville, Ala. The homes were built by Southern Energy Homes, part of the Clayton Homes
Results of Comparable Energy Efficiency in Manufactured Homes Revealed Read More
On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli
MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending Read More
