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Posts Tagged ‘alterations’

In Light of Hurricane Sandy…

November 20th, 2012 Comments off

During the last five years New York City’s Bloomberg Administration has been developing a plan to make temporary housing quarters out of 40 foot shipping containers with a door and window at each end, a bedroom, kitchen, bath and living area in between. Each 480 square foot unit would be completely furnished including kitchenware, as well as towels and soap and toothpaste, and brought into the city and sited within days of a catastrophe. The New York Observer says modules could be stacked four-high and six to twelve wide, and alterations could be made for larger families. Retail and community spaces would be on the ground floor. Container-modification company Sea Box of New Jersey has developed a prototype, although no contract has been signed. Each modular unit is estimated to cost $50,000 to $80,000. MHProNews has learned the city hopes FEMA will pick up a goodly portion of the tab and and then allow the agency to use the housing when needed elsewhere.

(Photo credit: Ron Medvescek/Arizona Daily Star–shipping container house)

Personnel Changes Inside the Beltway

November 14th, 2012 Comments off

HousingWire reports Raj Date, deputy director at the Consumer Financial Protection Bureau (CFPB) will be leaving his post next year. As industry expert and consumer advocate, Date was the acting director from the inception of the agency in July 2011 until Richard Cordray took over the position. Mortgage Bankers Association (MBA) CEO David Stevens says Date was beneficial to the industry and the CFPB, and hopes Date is replaced with someone of equal caliber and ability. Meanwhile, leadership changes in Congress could have a large impact on the housing industry. The Senate Banking Committee has 12 Democrats and 10 Republicans with two Democrat spots open. Will Elizabeth Warren, the engineer of the CFPB, sit on this committee? Stevens points out Rep. Jeb Hensarling (R-TX) could become Chairman of the powerful House Financial Services Committee, and Rep. Maxine Waters (D.Calif.) may become the new ranking member of that committee. As MHProNews has learned, Stevens does not expect much in the way of regulatory alterations anytime soon, but is concerned about a possible new treasury secretary and the replacement for FHFA acting director Ed DeMarco.

(Photo credit: HousingWire)