Formulating a seven-year adjustable-rate loan with a two-year interest only period, Capital One has arranged a Freddie Mac $11.719 million refinance for Starlight Mobile Home Park senior-only manufactured home community (MHC) in El Cajon, CA. Senior Vice President Chad Thomas Hagwood, of the Birmingham, AL multi family office, originated the …
Capital One Provides $11M+ Loan for Starlight in Southern CA Read More
MHProNews has learned from yumasun that manufactured home community (MHC) Rancho El Mirage is nearing completion in Wellton, Arizona. The 55-and-older restricted, gated community, built around select holes of the Coyote Wash Golf Course, has 202 home sites, and offers extensive amenities, including fishing and boating, a pool and spa, …
What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More
Kaj and Carla Sorensen would like to add three more manufactured homes to their Sorensen Rentals manufactured home community (MHC) in Milton, Fla., but the city’s Code of Land Ordinances is not zoned to allow any more non-conforming structures, according to what srpressgazette tells MHProNews. City Planner Randy Jorgenson said, …
City Ordinance Prevents Siting of more MH in Community Read More
For its fiscal year ending Oct. 31, 2015, Nobility Homes, Inc. (OTCQX:NOBH) reported sales for the year rose 32 percent $27,836,804 as compared to $21,152,259 recorded in fiscal year 2014, according to what yahoo.finance tells MHProNews. Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of …
Following a story MHProNews last published Nov. 16, 2015 regarding the Mojave County, Arizona’s Board of Supervisors attempt to limit siting in the county of manufactured homes no older than seven years old, the mojavedailynews reports the board took no action at Monday night’s meeting. Retailers, installers, manufactured home owners …
Arizona County Postpones Ruling on Siting Older Manufactured Homes Read More
As part of a statewide allocation of $22.6 million in grants that will help create affordable housing, deliver social services and revive downtown communities covering 1,166 different projects, more than $2 million will be going to communities in western New York state to improve homes and help create a path …
Block Grants will Replace Manufactured Homes in Western NY Read More
Following a story MHProNews last posted Oct. 14, 2015 regarding the arrival at the Ellsworth Air Force Base of manufactured homes to house flood victims on the Pine Ridge Indian Reservation, a private professional services firm, Dewberry, is assisting with the installation of the homes for the Oglala Sioux Tribe. …
Manufactured Homes Destined for Oglala Sioux Staged at Ellsworth Air Base Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely …
Vertical Manufactured Home Community Built, then Scrapped Read More
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11 …
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought …
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15 …
Sun Communities ordered to Remove Tree or be Fined Read More
Word has arrived from New South Wales (NSW), Australia that manufactured home community (MHC) owner Ingenia Communities has acquired South West Rocks Tourist Park in NSW for $8.5 million ($6.03M USD), but only the business and not the land, reports abc.net.au. As MHProNews posted Oct. 21, 2015, Ingenia acquired Lakeside …
Ingenia Buys Tourist Park, Adding 54 Manufactured Homes Read More
The Manufactured Housing Institute (MHI) informs MHProNews that congressional leaders have announced a $1.1 trillion omnibus appropriations spending bill to keep the government funded through fiscal 2016, but none of the Dodd-Frank Act reforms were included. Rep. Stephen Fincher (R-TN), the sponsor of the Preserving Access to Manufactured Housing Act …
Dodd-Frank Reform not Included in Omnibus Appropriations Bill Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured …
FHFA Proposal could Reform Sale of Manufactured Homes Read More
According to wareham-ma.village soup, Wareham, Massachusetts Selectmen Peter Teitlebaum reported to other members of the Wareham Board of Selectmen that he testified at a legislative hearing in Boston in support of Wareham’s home rule petition. It would allow the town to count manufactured homes as affordable housing in order to …
Massachusetts Town wants to Classify Manufactured Homes as Affordable Housing Read More
Following a story MHProNews initially posted Nov. 13, 2015, regarding a new ordinance in Mohave County, Arizona that requires manufactured homes (MH) moved within the unincorporated areas of the county to be no older than seven years, MH owners protested at the County Commission meeting, leading commissioners to postpone voting, …
Commissioners Step Back from Restrictive Seven-year Ordinance Read More
Every year, the First State Manufactured Housing Association in Delaware donates a scholarship to a high school senior or graduate who has lived in a manufactured home in the state for at least one year, according to capegazette.villagesoup. As MHProNews reported June 19, 2013, candidates are judged on their scholastic …
Delaware Association Bestows Scholarships on Students who Reside in Manufactured Homes Read More
In a letter from “Voice of the People” in theledger, MHProNews and MHLivingNews Publisher L. A. “Tony” Kovach appeals to his Florida neighbors to contact their congresspersons, and encourage them to attach a rider to a must-pass appropriations bill that will expand financing options for MH buyers/sellers. But he can …
Kovach asks Community to Contact Congress in Support of S 682 Read More
MHProNews has been told by heraldtribune of word coming from Bradenton, Florida that the cost to build a home in Manatee County is likely to rise by thousands of dollars following approval by the Manatee County Planning Commission to resume impact fees on new construction to benefit schools. These impact …
One-time Fee would Raise the Cost of a Manufactured Home Read More
