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Posts Tagged ‘Democrats’

MHI’s Jason Boehlert at Louisville

January 15th, 2012 Comments off

At the Louisville Manufactured Housing Show, Jason Boehlert, Vice President of Government Affairs for MHI, responding to a question from MHProNews.com about the possibility of altering the provisions of Dodd-Frank that negatively impact the MH industry, said, “Where a lot of these measures fail in reforming Dodd-Frank is when they are too broad, they don’t have bi-partisan support. Luckily for us, we have one of the namesakes (Rep. Barney Frank) willing to work with us on this issue. As long as we keep our asks targeted, I think we have a decent shot.” MHProNews: “Even with all the bi-partisan conflict in Washington these days?” Boehlert: “I think on the margins there are opportunities on a targeted basis.” MHProNews: “Since Barney Frank is not seeking another term, do you think he will step up a little farther then he has in support of changes?” Boehlert: “His position has been the same whether he’s running or not. He has always been pretty consistent in support of the (MH) industry. The only industry he has been willing to work with is ours. He has not gone out in the forefront of anyone else. There are not a lot of Democrats on the House Financial Services Committee for whom manufactured housing is an interest or concern, and that number is dwindling. Republicans are willing to do almost anything about Dodd- Frank, they tend to be more pro-industry, and more likely to be from rural areas. Democrats on that committee are more from urbanized areas where there is no manufactured housing presence. To them, affordable housing is rental housing, Section 8.”

(Graphic credit: Louisville Manufactured Housing Show)

Half of Survey Respondents Want Energy Efficient Home

January 14th, 2012 Comments off

According to an October survey of 1,500 homeowners conducted byYahoo Real Estate, Origination News tells MHProNews.com one-third of the respondents know someone who has been through foreclosure, and 51 percent say the federal government should do more to assist distressed borrowers. Twenty-seven percent said the government should do no more, and 22 percent had no opinion. While 43 percent believe the presidential election will have a significant impact on the housing market, 36 percent do not anticipate much effect. Although more respondents gave a slight edge to the Democrats over the Republicans in terms of improving the housing market, neither party won much confidence in actually trying to solve the problem. More than 90 percent said they are satisfied with their current living situation, but 27 percent said they are looking to purchase another home. Fully half of the respondents equate their dream home with having energy-saving materials and appliances, as “green” homes have become more of a status symbol than the McMansions.

(Photo credit: Wikipedia)

Senate Committee Sidetracked by CFPB Head Nomination

December 8th, 2011 Comments off

NationalMortgageNews reports a Senate Banking Committee hearing to discuss the work regulators are doing at six different agencies to implement Dodd-Frank became embroiled in an exchange about a seventh agency not in the room. Legislators sparred over the impending vote of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). Republicans want structural changes made to the agency, while Democrats blame Republicans for refusing to allow a vote on his nomination. Sen. Richard Shelby, (R-Ala.), asked Deputy Treasury Secretary Neal Wolin if the administration is seriously interested in discussing the issue. Wolin replied, “Well, I think, Senator, what we’re very interested in is the Senate considering Richard Cordray.” Sen. Bob Corker, (R-Tenn.), leveled a charge of political game-playing at Wolin. President Obama said, during a campaign stop in Kansas, “Everyday we go without a consumer watchdog n place is another day what a student, or a senior citizen, or member of our Armed Forces could be tricked into a loan they can’t afford—something that happens all the time.”
(Graphic credit: CFPB)

Wisconsin to Allow Larger Modular Homes on Roads

November 14th, 2011 Comments off

The JournalSentinel reports while Republicans and Governor Scott Walker lauded the efforts of the state legislature to create jobs in their three-week session, the Democrats are skeptical of their claims. However, they did pass legislation that would allow trucks to transport larger and heavier loads, like modular homes, on the roads. Many Democrats supported this measure, although they say not many jobs will be added because of the new bill.

(Photo credit: Wikipedia)

 

Immediate Depreciation for Abandoned House Investment Could Spur Economy

October 10th, 2011 Comments off

Bloomberg reports Peter R. Orszag, vice chairman of global banking at Citigroup and an adjunct senior fellow at the Council on Foreign Relations, says the weak housing market holds down the weak economy, and vice versa. He says the quickest path to economic recovery would be for the government to change immigration laws allowing foreigners to move here and buy homes; and for the government to buy the empty houses and destroy them, neither of which could happen, he concedes. Therefore, he proposes the government offer a tax credit to investors who buy empty real estate and rent them out, and allow them to take the tax credit at the time of purchase providing they retain ownership and rent out the homes. More rental units would mean lower rates and more tenants, and over two years would get rid of at least half of the excess inventory of houses, and cost the government $20 billion. He says the tax break would be related to the number of vacant houses—once a balance resumes, the credit ends. Although noting this policy is not a cure all, Orszag says giving investors immediate depreciation could help stimulate a stagnant economy, and could realistically appeal to Republicans and Democrats.

(Photo credit: Slate)

Manufactured Home Community Rent Decontrol Activists Paid to attend Chula Vista meeting

July 27th, 2011 Comments off

City of Chula Vista CA logoSignOnSanDiego alleged that owners of a “mobile home park” packed a meeting of the Chula Vista City Council meeting by paying activists to support rent decontrol.  The City Council voted to allow rent to be raised when a home in the community is sold.  The change in ordinance impacts future residents, not current ones. Reportedly 100 of close to 300 attendees in a July 12 meeting were paid $20 each to support the revised ordinance.  A group of young people were paid to wear green “Yes on Rent Decontrol” stickers.  Perhaps 50 attended a second reading of the ordinance July 19 were paid $40 each.   The president of the Chula Vista Mobile Home Residents Association, Penny Vaughn, expressed outrage.  The executive director of the First Amendment Coalition, Peter Scheer, said paying people to attend is “sleazy in the extreme.” A principal of the manufactured home community, John Wainio, was in Martha’s Vineyard and said he paid no one. Matthew Donnellan, president of the San Diego County Young Republicans reportedly explained that paying people to attend meeting was not an uncommon practice by Democrats or Republicans, adding he was not aware of such payments regarding this meeting.  Resident Ray McMurty, 62 and on social security, said $40 goes a long way in helping with groceries.

(Image is City of Chula Vista’s logo)