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Remarks by HUD Secretary Ben Carson to the Mortgage Bankers Association

April 4th, 2019 Comments off

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Flashing back to 2016, among the former GOP contenders to announce their support for Donald J. Trump to become the 45th president was Ben Carson, M.D.

 

Flash-forward to the present.  Now HUD Secretary Carson has been an earnest and dependable supporter of President Trump and his agenda. While he has floated the notion that he may step aside at HUD after the 2020 race, there has never been any serious flap at HUD about the security of his tenure there.

Carson has stated his support for manufactured housing numerous times.  Part of that, on a practical level, must include financing options.  That is one of several topics addressed in his comments, below.

It is useful to see what Carson says to audiences other than manufactured home professionals.  Links to other reports that deal with Carson’s comments to senators or others are further below.  But let’s see what his prepared comments were yesterday to the powerful Mortgage Bankers Association (MBA), in Washington yesterday.

 

Remarks by Secretary Ben Carson
Mortgage Bankers Association National Advocacy Conference
Washington, D.C., Capital Hilton, April 2, 2019

 

As prepared for delivery. The speaker may add or subtract comments during his presentation. Provided by HUD to MHProNews.

Thank you, Bob, for those kind words. And thank you to the talented MBA staff for organizing this important conference, as well as to the many leaders, professionals, and pioneers in our industry here today.

To the more than 325 million men and women who call our country home, housing is not just a pillar of our nation’s economy – it is the foundation on which families, and their futures, are often built.

There are signs that this future looks as bright – or perhaps brighter – than ever before. Under President Trump’s leadership, America has witnessed historic highs in employment, job creation, and economic growth.

A recent Gallup poll reported that 69 percent of Americans expect to be better off this time next year than they are today. This financial optimism is not only a 16-year high, it’s within two percentage points of an all-time record.

But every doctor knows that a patient can look like a paragon of health, while latent and localized conditions go untreated underneath. If any part of the body is allowed to languish, every part of the body will eventually feel its pain. Our vital organs are all in it together.

So too it is with America. We are only the Land of Opportunity when opportunity is available to all. And HUD is tasked with a special mission to carry our nation’s new gains to the local doorsteps of vulnerable communities who need help most.

At HUD, our aim is to ensure every American has access to decent, safe, and affordable housing. Both HUD and the MBA share a common understanding: that improving access to capital is a critical driver of economic opportunity.

Today, I’d like to share some of HUD’s initiatives to increase access to financing across the housing industry, the many successes we’ve already begun to see, and how we are embracing responsible reform in the months ahead.

 

Opportunity Zones

One program expected to greatly increase access to capital while expanding affordable housing is the Opportunity Zones initiative.  

Created by the 2017 Tax Cuts and Jobs Act, Opportunity Zones are designed to stimulate economic development and job creation by incentivizing long-term capital investments in low-income neighborhoods. These Zones are structured to serve local communities for the long-term. Only investors who commit capital for five, seven, and ten years receive rewards. That means new growth becomes consistent growth and new jobs become steady jobs. 

When new businesses are “here today, gone tomorrow,” residents face an uncertain future. But when they know new businesses are “here today, here to stay,” residents can plan for the long-term future of their neighborhoods, including by applying for mortgage loans and becoming homeowners.

And Opportunity Zones are not a small, incremental initiative – they represent massive action to encourage financial capital to be invested in distressed communities.  

For perspective, the National Council of State Housing Agencies announced last month that its Opportunity Zone Fund Directory had expanded to nearly $24 billion dollars in anticipated investments. Of those $24 billion dollars, 91 percent of the funds are planning to invest in multifamily residential, student housing, mixed-use, hospitality, or other commercial development.

We have already heard positive reports from city officials that anticipated investments in Opportunity Zones have helped preserve and attract economic development into their localities. And these are still just the early days. The Department of Treasury estimates Opportunity Zones will attract more than $100 billion dollars in private investment. 

To ensure Opportunity Zones reach their potential, President Trump established the White House Opportunity and Revitalization Council, which I have the privilege to chair. The Revitalization Council consists of members across 13 agencies and will prioritize Opportunity Zones in a variety of federal efforts, including deregulation, grant funding, loan guarantees, infrastructure spending, and crime prevention.

By utilizing a single body to achieve interagency consensus – rather than having 13 separate departmental processes – the Revitalization Council can achieve faster resolution, and that means we can deliver much faster solutions.

 

LITHC Expansion

HUD is also adding positive incentives for the construction and sale of affordable homes by expanding HUD’s Low-Income Housing Tax Credit Pilot for multifamily home development.

This expanded initiative will streamline the processing of FHA insurance applications for projects with equity from the LIHTC program. It’s part of our commitment to further align our policies and underwriting towards supporting affordable housing production and preservation.

Because New Construction and Substantial Rehabilitation currently make up more than 40 percent of our total volume, we expect the expansion of our LIHTC Pilot to significantly increase HUD’s affordable housing volume.

More homes also create more home mortgages, which can contribute to the health of the market.

 

HUD Accomplishments in Preserving and Developing Affordable Housing

HUD is also working to increase the supply of affordable multifamily housing through a multitude of initiatives that support the critical infrastructure on which the mortgage market is based.

To spur local community reinvestment, we have partnered with local authorities and private businesses to preserve more than 100,000 public housing units. This public-private partnership, the Rental Assistance Demonstration, or RAD, program has generated close to $6 billion dollars in construction investment and created more than 100,000 jobs.

To advance economic opportunity, the Federal Housing Administration has served more than 650,000 homebuyers in 2018 alone, most of whom were low-to-moderate income earners. FHA has also supported the production and preservation of more than 120,000 multifamily housing units and provided $2.45 billion dollars in insurance for hospitals and residential care facilities.

And, to help communities recover from natural disasters, HUD has awarded nearly $28 billion dollars since last April through the Community Development Block Grant-Disaster Recovery Program to repair seriously damaged housing, businesses, and infrastructure. These grants represent the largest single amount of disaster recovery assistance in HUD’s history.  

 

Responsible Reform

In housing financing reform, HUD is supporting the Trump Administration’s efforts to reduce taxpayer risks, expand the private sector’s role, modernize government housing programs, and make sustainable home ownership for American families our benchmark of success.

 

The White House has set forth the following goals for housing finance reform:

• Ending the conservatorships of the GSEs upon the completion of certain specified reforms;

• Facilitating competition in the housing finance market;

• Establishing regulation of the GSEs that safeguards their safety and soundness, while minimizing the risks they pose to the nation’s financial stability; and

• Ensuring the Federal Government is properly compensated for any support it provides to the GSEs or the secondary housing finance market.

 

The White House has called for HUD’s Reform Plan to include several objectives, including:

• Addressing the financial viability of the Home Equity Conversion Mortgage program; 

• Assessing the risks and benefits associated with providing assistance to first-time homebuyers;

• Defining the appropriate role of the FHA in multifamily mortgage finance;

• Diversifying FHA lenders through increased participation by registered depository institutions;

• Enhancing GNMA program participation requirements and standards to ensure its safety and soundness; and

• Reducing abusive and unsound loan origination or servicing practices for loans in the GNMA program.

 

HUD is also promoting fiscal responsibility in the real estate finance market by ending irresponsible government obligations, while enabling a pathway for responsible citizens to become homeowners.

One such example was our decision to discontinue the FHA’s insurance of mortgages on homes that carried PACE liens. Through the PACE program, homeowners could obtain financing to make improvements to their homes to increase the home’s energy efficiency.

But FHA insurance not only put taxpayers at risk by allowing PACE liens to be placed ahead of the mortgage itself in the event of a default, it strongly threatened secured lenders by eroding the underlying mortgage collateral.

Further, PACE assessments were far less comprehensive than traditional mortgage financing products, and therefore lacked the same level of consumer protections. The FHA’s involvement with accepting properties with PACE assessments may have even indirectly helped to overshadow potential consumer abuses.

HUD appreciates that our decision to promote fiscal responsibility in this case was met with positive support by the MBA. Given the substantial risk that PACE loans represented to the FHA’s Mutual Mortgage Insurance Fund, I’m also reminded of an early lesson from medicine: “To treat a sick patient, the doctor has to stay healthy, too.”

 

Conclusion

While HUD is leading the fight to ensure decent, safe, and affordable housing for all Americans, we are grateful for the continued feedback and thought leadership on housing policy offered by institutions such as the MBA.

Solving affordable housing challenges requires a team effort. It’s been said that, “the bigger the dream, the more important the team” – and few ambitions are more compelling, or necessary, than that of the American Dream.

HUD looks forward to continuing to work alongside the industry participants here today, so our common vision is a lived reality for all who call this great nation home.

Thank you, and I look forward to your questions.

 

###

 

See related reports, further below the byline and notices. That’s this evening’s “News through the lens of manufactured homes, and factory-built housing.” © ## (News, analysis, and commentary.)

 

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Is POTUS Trump Racist? “Here Today, Here to Stay” – HUD Secretary Ben Carson Sounds Off

February 8th, 2019 Comments off

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We have so many Americans who think that the American dream is not for them, but it is for them. And I think the president wants them to know that for sure.  But he is never going to convince them of that by telling them that.  But by showing them, eventually they will open their eyes and they will not be able to deny what they are seeing.”

–        HUD Secretary Ben Carson, M.D.

 

In under 4 minutes, this Fox Business video covers quite a bit of interesting ground.

The speaker is one that is familiar to manufactured housing professionals.  The Secretary of Housing and Urban Development (HUD), Ben Carson (M.D.), leads the federal agency that has primary responsibility for the regulation of our industry.

The video raises some important questions. Among them is the American Dream.

 

 

Carson Flashback…

Secretary Carson addressed a thousand or more manufactured home professionals last year in person, and thanked the industry for doing its part to support the American Dream.

 

 

But the Fox Business video interview also addressed the question that is bandied about quite often.  Is the 45th president, as many accuse him of being, a racist?

Carson said he hasn’t “seen any evidence of it [racism] whatsoever.”

Secretary Carson reminisced about an appearance decades ago by then businessman Donald J. Trump on the Oprah Winfrey Show. What isn’t mentioned is that for decades, blacks like Winfrey had no such concerns – or made no such allegations of racism against Mr. Trump.

It took a political campaign to spark those charges.

Why did the president run? Why does he do it?  Carson answer is simple. “He [POTUS Trump] does it because he loves our country and he wants it to be successful,” Carson said.  The president’s philosophy – per Carson – is that “the rising tide raises all boats.”

It detracts from their argument that capitalism is horrible. That we are a horrible country. That we treat minorities the wrong way, we are racist,” the HUD Secretary said.  With wry, dry wit he said, “I guess that’s why there are caravans of minorities trying to get in here.”

When millions see photos or videos of African Americans such as Kanye West or Tiger Woods with President Trump, surely many realize, and some wonder – would they be hanging out with him if they thought he was racist? Don’t they know him better than those who only watch on TV or read about him?

One of the oldest tricks is that of the often repeated lie.  Tell a fable often enough, and it seems more believable.

Carson spoke about opportunity zones too.  The good thing about them is that investors aren’t just here today, and then gone tomorrow.  “Here today, here to stay” – with opportunities that lift the boats of people who may have had little hope for good, honest work in the absence of specific community investments.

That’s this morning’s look at “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Latest on the FHA, New Federal Report to Congress, Insider Insight

November 16th, 2018 Comments off

 

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FHA is in good hands, guarding against excessive risks, protecting the American taxpayer, and remaining true to our core mission to facilitate safe and affordable mortgage options for qualified borrowers.”

– HUD Secretary Ben Carson, M.D.

 

As we look to the future, FHA must continue to seek the right balance between facilitating access to mortgage credit and managing risk.”

–      FHA Commissioner Brian Montgomery.

 

As hundreds, perhaps thousands, of manufactured home professionals know, manufactured housing qualifies for various kinds of Federal Housing Administration (FHA) lending.

So, today’s report from HUD and the FHA program they control to Congress is of general interest.

The Daily Business News on MHProNews reached out to a manager in the manufactured home lending community to get some insights on aspects of what follows.

Here’s what that veteran of FHA lending, from a firm that does both forward and ‘reverse’ loans, said via a message to MHProNews.

 

As for the business, the current quality of this post-Sept 2015 block of business is insanely awesome.  Tony Soprano couldn’t make this much $$.  The ills of the HECM business stem from the 05-2010 block of business combined with HUD incompetence in REO disposition.  Once we get out of that (as we will in a few years) the business is extremely profitable.

That said, there is a shift to more private business (about 10-20% of overall production in 2019) that will continue as FHA keeps tinkering with the product.”

With that backdrop, let’s dive into today’s formal statement from HUD to MHProNews.

 

HUD-FHA-11-15-2018AnnualReporttCongressDailyBusinessNewsMHProNews

FHA RELEASES 2018 ANNUAL REPORT TO CONGRESS

Capital Reserves remain above statutory minimum for fourth straight year

WASHINGTON – The Federal Housing Administration (FHA) today released its 2018 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund).  FHA reports that at the end of Fiscal Year (FY) 2018, the MMI Fund had a total Economic Net Worth of $34.8 billion and a Capital Reserve Ratio that remains above the statutory minimum for a fourth consecutive year.

The MMI Fund supports FHA’s single-family mortgage insurance programs, including all forward mortgage purchase and refinance transactions, as well as mortgages insured under the Home Equity Conversion Mortgage (HECM), or reverse mortgage program.  While the value of FHA’s forward mortgage portfolio is growing, the latest independent actuarial report finds the value of the agency’s reverse mortgage portfolio continues to decline, representing a continuing economic drain on the MMI Fund from books of business in 2018 and earlier.

“The financial health of FHA’s single-family insurance fund is sound,” said U.S. Housing and Urban Development Secretary Ben Carson.  “FHA is in good hands, guarding against excessive risks, protecting the American taxpayer, and remaining true to our core mission to facilitate safe and affordable mortgage options for qualified borrowers.”

FHA Commissioner Brian Montgomery added, “As we look to the future, FHA must continue to seek the right balance between facilitating access to mortgage credit and managing risk.  Our number one mission is to make certain FHA remains a stable and reliable resource for first-time and minority homebuyers, and other underserved borrowers.”

This year’s report continues to offer greater transparency, consistency and accountability in the economic fundamentals of the MMI Fund.  For the second consecutive year, FHA is providing separate stand-alone capital ratios for its forward and reverse mortgage portfolios to better assess the impact of each on the MMI Fund. For a second year, the report also includes stress-testing of the portfolio based on historical scenarios.

FHA’s 2018 Annual Report also includes important technical revisions to last year’s report that reflect adjustments to the MMI Fund’s Capital Ratio and Economic Net Worth for FY 2017.

 

KEY HIGHLIGHTS FROM FHA’S 2018 ANNUAL REPORT

The MMI Fund’s FY 2018 Capital Ratio is 2.76 percent, a 0.58 percentage point increase over the restated FY 2017 Capital Ratio of 2.18 percent. This is the fourth consecutive year this ratio exceeded the statutory minimum of 2.00 percent.

The MMI Fund’s overall Economic Net Worth for FY 2018 is $34.86 billion, an increase of over 8 billion from FY 2017.  Economic Net Worth is comprised of Total Capital Resources of $49.24 billion and a negative Cash Flow NPV of -$14.38 billion.

FHA’s cumulative Insurance-in-Force (IIF) reached $1.26 trillion of Unpaid Principal Balance (UPB) at the end of FY 2018, largely unchanged from FY 2017.

FHA endorsed over one million forward mortgages in FY 2018 (including 776,284 purchase loans) totaling $209 billion in UPB.

First-time homebuyers accounted for 641,921 or 82.7 percent of all FHA forward purchase loans.

Minority homebuyers accounted for 33.8 percent of all FHA forward purchase loans.

The average loan amount of FHA-insured forward mortgages was $206,041.

The average borrower’s credit score was 670 compared to 676 in FY 2017.

 

 

FHA’S HISTORICAL CAPITAL RESERVE RATIO

FHA maintains reserves to cover both future claims, as well as an additional statutorily required capital cushion of 2.0 percent of all Insurance-in-Force (IFF).  This ‘Capital Ratio’ is calculated by dividing the Fund’s Economic Net Worth ($34.8 billion in FY 2018) by total IFF of $1.26 trillion.  As noted above, the FY 2018 Capital Ratio of the Fund is 2.76 percent, an increase from the end of FY 2017.

 

MMI Fund Capital Ratios: FY 2013 – FY 2018

This year’s Annual Report includes an examination of loan performance of FHA-insured homeowners impacted by last year’s devastating hurricanes, analyzing the serious delinquency rate and early payment defaults among borrowers in Texas, Florida, Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Harvey, Irma and Maria.

MMIFHAFundsHUD2018AnnualReportDailyBusinessNewsMHProNews

 

HECM HIGHLIGHTS

FHA’s HECM, or reverse mortgage, program continues to serve eligible seniors, 62 years and older, with a financing option that can help them remain in their home and age in place.  Like last year, the 2018 Annual Report includes separate, stand-alone estimates of the capital resources and capital ratios for insured forward mortgages and HECMs.

The fiscal condition of FHA’s forward mortgage portfolio is materially better than the HECM portfolio.  Excluding HECMs, FHA’s FY 2018 forward mortgages have a capital ratio of 3.93 percent and a positive Economic Net Worth of $46.8 billion. By contrast, the 2018 HECM portfolio has a negative capital ratio of 18.83 percent and a negative economic net worth of $13.63 billion.

In 2017, FHA implemented a set of changes to mortgage insurance premiums and Principal Limit Factors (PLFs) and followed in FY 2018 with changes to appraisal requirements. The impact of these changes on new HECM endorsements, and the ongoing performance of the outstanding HECM portfolio, will continue to be closely monitored and managed by FHA.

 

The 2018 Annual Report finds:

HECM endorsements declined 12.6 percent since last year, with 48,327 new mortgages endorsed.

Total Capital Resources in the HECM portfolio totaled $2.11 billion for FY 2018, which was offset by a negative $15.75 billion in Cash Flow Net Present Value.

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

###

Will the powers that be in MHVille use the overall positive report to press for reform of the 10-10 rule, and get more manufactured home personal-property lending?  That’s MH “Industry News, Tips, and Views Pros Can Use,” where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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HUD Approves Additional $5 Billion Disaster Recovery Plan

June 26th, 2018 Comments off

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 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced Monday that he is approving a disaster recovery plan to help Texans recover from Hurricane Harvey.”

 

The Texas plan is funded through HUD’s Community Development Block Grant—Disaster Recovery (CDBG-DR) Program which requires grantees to develop a thoughtful recovery program informed by local residents,” the release to the Daily Business News said.

The Trump Administration is committed to helping Texans impacted by Harvey to rebuild their homes and their lives,” said Secretary Carson. “As the State now turns to the long-term recovery of its communities, Texans can be sure that HUD will be there to help in any way we can to make the state whole again.”

 

HUD Disaster Recovery Video in English

 

HUD Disaster Recovery Video in Spanish

 

 

An extended quote from the HUD statement is found below.

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

To address remaining needs in hard-hit areas of the state, the Texas recovery plan includes:

  • Single-Family Homeowner Assistance Program ($1.1 billion):Provides assistance to help homeowners with rehabilitation and reconstruction after Hurricane Harvey.
  • Buyouts and Acquisitions ($275 million):To allow certain eligible homeowners to sell their damaged home to a local government.
  • Affordable Rental ($250 million):Provides funding for rehabilitation, reconstruction and new construction of affordable multi-family rent properties.
  • Homeowner Reimbursement ($100 million):Homeowners may be reimbursed up to $50,000 for certain out-of-pocket expenses incurred for home repairs, including reconstruction, rehabilitation or mitigation.
  • Partial Repair and Essential Power for Sheltering ($73 million):Provides immediate, temporary repairs to homes that sustained less than $17,000 in FEMA-verified loss. CDBG-DR will be used as matching funds to FEMA expenditures.
  • Local Infrastructure ($413 million): Supports infrastructure repairs and enhancements for local communities as part of a comprehensive long-term recovery program along with FEMA funding.
  • Economic Revitalization ($100 million):Offers interim assistance up to $250,000 to small businesses in exchange for job creation or retention.
  • Local, Regional and State Planning ($137 million):The State will fund planning studies on disaster mitigation in the impacted areas to promote sound long-term recovery.
  • Allocations to City of Houston and Harris County ($2.2 billion):  The State of Texas will provide $1.1 billion each to the City of Houston and Harris County, allowing these jurisdictions to address their unmet recovery needs.  Plans for use of these funds will be submitted by the city and county to the State for approval.
  • State Administration ($251 million): Funding set aside for the State’s program costs, including contract administration, compliance monitoring, the provision of technical assistance to applicants and subrecipients, etc.

Last April, HUD also allocated an additional $4.726 billion of CDBG-DR funding to Texas for unmet need and mitigation purposes.  HUD will shortly issue requirements governing those funds, and Texas, along with other states, will be required to submit plans addressing the use of those funds,” HUD’s statement to MHProNews concluded.

While the hurricanes of last year are largely out of the headlines, the aftermaths of the storms – particularly Puerto Rico – are still being dealt with, as this release suggests.  To learn more, see the related reports, linked below. ## (News, analysis, and commentary.)

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FEMA, Manufactured Housing Industry’s Gift that Keeps Giving?

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

U.S. President Praised “The Mobile Home Industry,” Manufactured Homes are “Here to Stay”

June 20th, 2018 Comments off
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It’s historic…

You are entrepreneurs in the best tradition of the free enterprise system.”
~ The President of the United States to the MH Industry

 

The U.S. President began his talk with these words, “There are problems in the economy and in the mobile home industry.  I am not so naïve as to deny that. I am in the business of looking for problems – and solutions. I am a problem solver and an optimist. I am optimistic about the future of the economy and the future of the mobile home industry.  My optimism stems from the belief that our problems – and that is the first step toward solving them. To recognize problems is constructive.  To become obsessed with them is destructive.”

Imagine how motivated about a thousand manufactured home (MH) industry professionals were to hear what HUD Secretary Ben Carson had to say at MHI’s last planned meeting in Las Vegas earlier this year.

BenCarson@HUDgovNewCooperationManufacturedHousingIndustryDailyBusinessNewsMHProNews

Composite of images from HUD Secretary Carson, Twitter.

Then picture a time in the MH Industry when the President of the United States was happy to speak to the industry, and the industry was happy to hear in person from the Chief Executive of the U.S.

Rearview mirrors are not as important as the windshield, but they are necessary for safety, insight, learning, and growth. Driving would be far more dangerous without side-and-rear-view mirrors.   The same principle is true for investing, to operate or expand a businesses, and for savvy politicos. Everyone that buys a business or a property does due diligence to see what the past performance looked like. Its hard to find a business that doesn’t check the background – the history – of a job applicant.  History matters.

The opening words above, and what follows below, are from then-President Gerald R. Ford, in a speech given to the “Mobile Home Manufacturers Association” dated March 22, 1973.  The original notes are from the Ford Presidential Library.  All of those notes are found at the end of this report as a download.

The best way to solve problems is to concentrate on our strengths.  And if you look at the economy and at your own industry you see many strengths, many reasons for confidence,” said Ford’s notes, which include hand-written revisions.

Ford’s speech notes go through a significant amount of economic data, woven between his comments about the blossoming then pre-HUD Code mobile home industry.

Then President Ford’s speech positions the next section of praise following part of his address that focused on balancing the budget.

Then, as now, there is a need to control federal housing costs. The common-sense solution, then and now, is to let as much of that be done by private enterprise.  Federal policy should be used to support solutions, rather than be an obstacle for private industry, in this case, the factory-built home industry.

I have noted with great interest the bill introduced by Lou Frey of Florida…,” Ford said.  That bill would eventually become the National Manufactured Housing Construction and Safety Standards Act of 1974. “I am sure that each and every one of you shares Lou Frey’s concerns and respect his motivation,” Ford stated.

LouisFreyJr.AmiercanPoliticanUSHouseofRepresenativesNationalManufacturedHousingConstructionSafetyStandardsWikipediaDailyBusinessNEwsMHproNEws

What’s the outlook for the mobile home industry?  It can only be described as bright.  My information is that production now is running at an annual rate of nearly 700,000—and that is a fantastic figure for what really is a still a very young industry.”  It should be noted that mobile home shipments never broke 600,000 units in a year, but the way that then-President Ford described it is akin to what today would be called the “Seasonally Adjusted Annual Rate” or SAAR, used in conventional housing as well as with HUD Code manufactured homes. That SAAR may indeed, during that time of year, have been at a near 700,000 annual rate.

It is important to note again why the Daily Business News recently spotlighted the story of Rollohome.  In short order, that firm went from start-up to 60,000 new homes shipped in just 2 years.  If that was achievable then, surely it can be done with our greater technology today?  For more on that, readers can circle back later to the linked report, below.

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

 

Ford on MH

Ford pointed to the VA program, and how it was modified to support financing of manufactured homes for veterans.

Then, it was Vietnam, but more recently, Afghanistan and Iraq are among the places that millions of veterans have served.

Ford’s logic of supporting the factory-built home industry applies today, as it did then.  It is one of several reasons that MHProNews has supported editorially common-sense, sustainable tweaks to FHA, VA, USDA (Rural Housing) and the lending programs that GSEs are supposed to be providing via their Congressionally mandated Duty to Serve (DTS) manufactured housing.  One such related report is linked below, and can be read later for more insights.

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

As you know, Congress in 1970 approved a law letting the Veterans Administration guarantee loans on mobile homes, as well as on the lots to place them on,” Ford’s speech-notes said.

Ford apologized for the “red tape connected with” the VA program, a reminder that then and now, legislation is the start of a process, not the end. “The VA mobile home program has fallen far short of its goals. But it is now picking up.  In recent weeks VA officials have conferred with mobile home manufacturers and dealers and with money lenders.  They want to make the program go,” Ford explained.

But VA officials are doing everything they can to promote the mobile home loan guarantee program, and it is beginning to accelerate,’ said Ford, adding “Of the 5,460 mobile home loans guaranteed by the VA last year, 4,178 were to post-Korean vets.”

You are entrepreneurs in the best tradition of the free enterprise system.”

I say the future of your industry is bright because you’ve got a lot going for you. Mobile homes are the only low cost new homes available,” then President Ford said. “The cost of producing stick-built housing has risen dramatically.  At the same time, with your assembly line methods, you are doing something to lick high housing costs—and it is the mobile home purchaser who benefits.”

That same point applies then and now. It is once more worth noting that President Donald J. Trump worked an example of factory-home building into a speech featured by the Daily Business News, at the link below, which can be referenced later for more insights.

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

I am not here to promote the sale of mobile homes,” Ford said, so that he didn’t sound like he was a pitch-man for the industry.

But there is no question that the mobile home industry holds revolutionary potential for future advancement in the field of housing.  Mobile homes have become a major segment of the nation’s housing supply.  They are here to stay,” said Ford to finish is speech.

 

Tony Takeaways

The word “tony” can be a word or a name. As a word, tony can mean “elegant, stylish, fashionable.” It’s also the name of your award-winning manufactured home industry veteran, writer, industry consultant, and publisher.

There are many reasons this speech of President Gerald R. Ford still matters today.

President Ford was arguably correct on several points, which applied then and now.  They include, but aren’t limited to:

  • Presidents Nixon and Ford are among those who specifically praised the value of the mobile home industry – which is what the industry was, prior to the passage of the National Manufactured Housing Construction and Safety Standards – in solving the nation’s affordable housing needs.
  • HUD Secretary Ben Carson, Vice President Mike Pence, and President Donald J. Trump have all praised either manufactured homes specifically, and/or factory-built homes in general. Danny Ghorbani, and MHARR President and CEO Mark Weiss, JD, have both cited the opportunity the industry has with this administration (see the video, below.)
  • Ford was correct in saying that problems must be identified and understood, before they can be tackled and resolved. Editorially, MHProNews has advocated a pragmatic, reality-based approach to problem solving.  The industry must separate the unhealthy chaff from the fine wheat.
  • Then and now, federal access to financing options that level the playing field were important.
  • More affordable manufactured home owners would mean more Americans who aren’t renting or getting housing subsidies.
  • Millions of more manufactured home owners would mean millions of more Americans building equity and personal wealth.
  • Unlike rentals, a manufactured home loan can over time be paid off. Once a home is mortgage-free, maintenance, insurance, utilities, and taxes are all that remains, so that’s as inexpensive as modern living costs can possible get.
  • Building more manufactured homes would mean more good jobs.
  • From the federal budget perspective, millions of more manufactured homes would mean fewer people depending taxpayer subsidized housing, and/or other programs.
  • Ford proved to be correct about the “revolutionary potential for future advancement in the field of housing” about the evolution of the industry from the mobile home era to the modern manufactured homes today. Factory-home-building made sense then, and now.
  • Enforcement of existing laws are a key, including the enhanced preemption provided by the Manufactured Housing Improvement Act of 2000.
  • Logically, enforcing the laws linked above would yield some $2 trillion in additional Gross Domestic Product, according to the university researchers.

There’s more, of course, but the points are clear.

President Ford recognized that the MH industry is necessary.  It is currently underperforming, as the chart below reflects.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.

The industry’s professionals and investors must grasp the tremendous opportunities, vs. the realities to be dealt with. The challenges to the industry are both from within the industry, and from the ranks of the ill-informed naysayers outside our industry too.

The Ford Library text of the speech notes are linked here as a download. ## (News, analysis, and commentary.)

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Related Report:

Only 3 Options – the Elephant in the Room

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

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Publisher and industry consultant, L. A. “Tony” Kovach.

By L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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$1.2 Billion Settlement Proves FEDs Are Serious; Communities, Industry Head$ Up

June 14th, 2018 Comments off

1.2BillionSettlementProvesFEDsSeriousMHCommunitiesIndustryHeadsUpDailyBusinessNewsManufacturedHomeIndustryMHPronEws

For those who wonder if the Trump Administration is serious about enforcing laws, a $1.2 billion dollar settlement should put that question to rest.

 

U.S. Housing and Urban Development (HUD) Secretary Ben Carson…announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards,” HUD said in a release to the Daily Business News.  

HUD, the Justice Department, and the U.S. Environmental Protection Agency (EPA) reached a Consent Decree with New York City and the New York City Housing Authority (NYCHA) to resolve widespread issues of lead, mold, pest infestations and other inadequate housing conditions.  Read the Federal Complaint and the Consent Decree filed today in federal District Court for the Southern District of New York.”

Note that some of these listed items are similar to concerns raised by the Chattanooga Times Free Press with respect to allegations about Tom Lackey, still shown today as a SECO board member.

Spencer Roane w/Southeast Community Owners (SECO), Praises Tom Lackey, Accused of Rent-to-Own Manufactured Home Sales Improprieties

See those related links, above and below.

Informed sources are telling MHProNews that state and local officials are investigating the complaints surrounding the issues reported above and below.

Officials are not able to comment on the specifics.

George Allen Reply to Mainstream Media re: Roane/Lackey/SECO Exposé, Plus MHI, MHARR, et al – “Make Manufactured Housing Great Again”

The HUD statement is focused on resident health issues. Isn’t that a flare for those who engage in questionable behavior by selling pre-owned homes to consumers with similar, known, problematic issues?

More from HUD, Secretary Carson

The following is an extended quote from HUD to the Daily Business News regarding the consent decrees.

 —- Continuation of HUD statement to MHProNews, start of extended quote. —-

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

“More than 400,000 residents live in NYCHA properties, exceeding the number of residents living in the next ten largest public housing authorities combined.  In addition to the agreement announced today, New York State placed NYCHA under a state of emergency order in April and is committing up to $550 million to assist the public housing authority in resolving health and safety issues.

Dr_Ben_Carson__wikipedia

Dr. Ben Carson, HUD Secretary, official photo.

This historic agreement marks a new era for New York City’s public housing, one that puts families and their children first,” said HUD Secretary Carson.  “New York City and New York State are making an unprecedented commitment to put NYCHA on a new path.  The cooperation of Federal, State and city officials will vastly improve the living conditions for hundreds of thousands of New Yorkers who call NYCHA home.”

U.S. Attorney Geoffrey S. Berman stated: “NYCHA’s failure to provide decent, safe, and sanitary housing is simply unacceptable, and illegal. Children must be protected from toxic lead paint, apartments must be free of mold and pest infestations, and developments must provide adequate heat in winter and elevator service. NYCHA has put its residents at risk. Today’s unprecedented settlement will improve life for the 400,000 residents who call NYCHA home, while ensuring accountability, reform, and oversight at this troubled institution.”

HUD’s Principal Deputy Inspector General Helen M. Albert said: “We are proud of the integral work that the OIG staff performed which led to today’s settlement. This represents a consequential partnership with the U.S. Attorney and others to ensure that those who reside in NYCHA housing will do so in safe and sanitary conditions.”

EPA Administrator Scott Pruitt said: “Instead of protecting children from lead poisoning, NYCHA systematically violated EPA and HUD lead paint safety regulations and covered up its noncompliance. Today’s landmark settlement puts a stop to that. It is not only a great example of what EPA and HUD can achieve by working together, but it also sends a strong message to housing authorities, landlords, and renovators – violating the law and endangering public health will not be tolerated. This agreement will dramatically improve the living conditions of New York City’s most vulnerable residents.”

In addition to annual public housing capital funding from HUD, New York City will provide the following financial investment to support NYCHA under this agreement:

  • $1 billion in capital funding over the first four years of the agreement;
  • $200 million in capital funding each year after the initial four-year period;
  • Additional operating and capital funds through 2027; and
  • The City will continue its current practice of not seeking payments from NYCHA for ‘payments in lieu of taxes’ and police services.

Working with the court-appointed Monitor, NYCHA will also institute a number of institutional changes at the agency.  These changes include the creation of a new Compliance Department to ensure NYCHA meets all federal, state and local regulatory requirements and ensures the integrity of physical inspections.  NYCHA will also create a new Environmental Health and Safety Department to address lead-based paint hazards, mold, heating, pests, elevators, air quality and other physical conditions that affect residents’ health or safety. In addition, NYCHA will create a Quality Assurance Unit to verify the completion and quality of maintenance work.

The Consent Decree resolves the Federal government’s civil complaint against NYCHA.  As a result of the agreement, HUD will lift it’s ‘zero threshold’ for NYCHA and allow the agency to resume spending its existing public housing capital funding without seeking prior HUD approval.  This year alone, HUD is providing NYCHA nearly $1.5 billion to further assist the agency to meet its capital needs and to operate its programs.

—- End of extended quoted from HUD statement. —-

With respect to the Lackey/SECO controversy, and its significance to MHVille. It should be noted that some SECO members and COBA7 “Allanites” have contacted MHProNews to point out that most communities don’t engage in such problematic behavior.

We’d note that those statements are true, and fit with what MHProNews has reported and stated editorially.

Happy MH Owners? Good Professional Actors? Overlooked, “Honorable People”

We’ve been encouraging for some time the separation of the “chaff and wheat” approach.  No one is perfect. But at the same time, the industry ought to defend its image by enforcing a reasonable, fair-to-all code of conduct.

George Allen Blasts MHI, NCC Ignoring Own, Spencer Roane, SECO, COBA7, Tom Lackey Controversies

It is precisely the fact that a few are not being corrected or admonished that’s tarnishing the reputation of good community operators.

That later point has been emphasized by other MHProNews readers. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

NorthStar and Manufactured Housing Radix

 

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Flag Day, POTUS Trump Doctrine, Supply, Demand, Financing, Affordable Housing, Jobs, Economic Growth, Human Dignity, and God

June 14th, 2018 Comments off
IAmGoingtoLowerYourTaxesEliminateUnnecessaryRegulationUnleashAmericanEnergyPlacingAmericanBusinessesWorkersFirstDonaldJTrump550x315

Composite by MHProNews.com.

People crave dignity.

 

The System has been Rigged,” the 45th President of the United States (POTUS), Donald J. Trump, has said. He understands these realities.

POTUS Trump undertook to break the grip of those who’ve rigged the free markets that harm the opportunities, and diminish the dignity of tens of millions in our Republic.

That’s a worthy topic to consider on Flag Day, which happens to be the President’s, and this writer’s, birthday.

Millions have been misled by flawed education, and agenda-driven opinions masquerading as facts or news.

Dignity flows from many factors, including:

  • the pride of work,
  • rising earnings,
  • maximum opportunities,
  • innovation,
  • enriching human relationships,
  • the spiritual life,
  • a growing net worth,
  • which can be fueled by the security, and pride of home ownership.

The bullets above yields a healthier society, happier people, and offers the additional benefit of reducing the costs for government at all levels.

TomEgelhoffLeadingAuthorityUSDoingBusinessinSmallTownsEntrepenurMagazineRadioManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Common Sense Solutions that Boost Wealth for Everyday Americans

Small-town business expert, talk radio host, and author Tom Egelhoff plus myself share some common beliefs.  Those common principles caused us to do a joint article on how factory-crafted manufactured homes are a proven path to increased home ownership, that fuels the creation of more wealth for everyday Americans.

FearManufacturedHomesSolutionToAffordableHousingCrisisManufacturedHousingIndustryDailyBusinessNewsMHProNews

To see the fact-packed Op-Ed on the popular Value Penguin website, click the link below or the image above. https://www.valuepenguin.com/home-insurance/fear-manufactured-homes-affordable-housing-crisis

 

Egelhoff and myself also share a reason-based confidence in President Trump’s fine work on behalf of all Americans.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

Isn’t this part of the antidote to the t-word issue?

Someone making a basic wage is unable to buy the typical, conventional house in America.

But millions priced out of conventional housing can buy a manufactured home.

When millionaires and even billionaires own a manufactured home, the rest ought to consider its wisdom too.  For example, POTUS Trump supporter and performer Kid Rock is one of those who owns a private jet, a Rolls Royce, and a manufactured home.

The Kid Rock video below uplifts – celebrates – those who own a lower cost house, be it a manufactured home, or an older conventional house.  Note to parents with kids at hand: the video has some salty language and suggestive images. The video has had over 16.4 million views as of 6.14.2018.

 

Daily Business News on MHProNews sources tell us that Vice President Mike Pence understands first-hand the value of manufactured homes, which along with RVs, are produced in his home state of Indiana, and elsewhere from coast-to-coast.

 

America First, Economic Nationalism are Common Sense

Peace, prosperity and security are all supported by the president’s most recent deal on behalf of Americans, Koreans, the people of Asia, and the nation-states of the world.

America First” is common sense.

Placing one’s homeland first is part of a new geopolitical framework the president is creating. It recognizes the inherent goodness of nationalism and cultural pride.

POTUS’ move away from globalism is a step toward the proven principles of solidarity, and subsidiarity.

Someday, historians may say that pragmatic economic nationalism, personal or cultural pride, solidarity, and subsidiarity are key contributions of what can be called “the Trump Doctrine.”

 

Tariffs and America First

There are elitists across the political spectrum that don’t understand, or won’t admit to, the fundamental common sense of economic tools such as tariffs.

By contrast, the president embraces their use.

When America was a young nation, tariffs protected our farmers and factories. Before the income tax, when the federal government was smaller, tariffs protected American jobs, plus paid much of the federal government’s expenses.

POTUS Trump no doubt knows what Pocket Sense expressed this way, “Prior to the passage of the 16th Amendment in 1913, the United States government funded its operations mainly through excise taxes, tariffs, customs duties and public land sales.”

PocketSenseFUndingUSGOvtBeforeINcomeTax

Given the numerous scandals, millions of man-hours of lost time, plus other problems with the current income tax system, is the president leading America back to the future by using tariffs in strategic ways?

TaxReformPragerUSteveForbesDailyBusinessNewsManufacturedHousingINdustryResearchDataReportsMHProNews

One doesn’t always know what the president’s next move is. Are his threatened use of tariffs also a possible signal for something else in the future?  Would this president at some point take on a reform of  the U.S. income tax system, which Steve Forbes, and others say is massively wasteful?  Image credit, Prager U.

 

Trusts-Busting Yields Innovation, More Businesses, and Job Creation/Protection

MHProNews has chronicled the rise of globalist uber-billionaires, and their monopolistic conglomerates.

The president has signaled a willingness to do trust-busting actions.

Breaking up monopoles would protect and fuel American Jobs, American Innovation, and American Independent Businesses, that historically create the most jobs, and also innovate the most.

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

Linked reports – like NY Stern’s Scott Galloway speaking out against monopolies, or how monopolies harm workers and wages, – can be read later for more details.

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

It’s the mega conglomerates that are automating more, and hiring fewer human workers.

It’s the leaders of the mega corporations that often want open borders, cheap foreign labor, and the illegal immigration that is undermining our economic, judicial and electoral systems.

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Warren Buffett led Berkshire Hathaway’s manufactured housing finance, production and other units have been accused of monopolistic practices by a range of media across the left-right political divide.

How many more Americans would be in a manufactured home already, if not for the allegedly monopolistic practices of anti-Trump, Warren Buffett’s Berkshire Hathaway?

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

Land Use Killing Affordable Housing, How Common-Sense Law Enforcement

Unlocks $2 Trillion Dollars in Additional Annual GDP

Problematic zoning, so-called expert “central planners,” and land use policies have hamstrung America for far too many decades.

Two university professors in 2016 estimated that the roadblocks to affordable housing are costing the U.S. economy some $2 Trillion dollars annually in additional GDP.

Using their $2 Trillion potential GDP growth statistic, if existing federal laws were being robustly enforced, the economy could experience a largely unsubsidized jolt that could create even more good jobs.

 

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

The president spotlighted factory home builder Levitt in a speech.

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

POTUS Trump understands from his professional experiences that factory home building can create entry-level to elegant homes.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. What happened?  Smoking Gun 3 spells it out.

From Operation Breakthrough in the 1970s, to Harvard’s Eric Belsky in the early 2000s, the potential for the manufactured homes that HUD Secretary Ben Carson called “Amazing!” to fuel the American Dream is real.

HUD’s Operation Breakthrough, Promoting Factory, Industrialized Building – Mobile Home Era to Modern Manufactured Homes.

Enforcement of the Manufactured Housing Improvement Act of 2000 – which includes enhanced preemption – utilizes principles the president grasps from his myriad of professional experience.

Mandating the robust enforcement of the Duty to Serve Manufactured Housing that the Housing and Economic Recovery Act of 2008 required would also aid the process. Leveling the playing field via regulatory tweaks across FHA, VA, and the USDA (Rural Housing) loan programs for manufactured homes in both fee simple and home only scenarios would too.

The New York Times and MHProNews surveys both suggested that manufactured home owners were among the once “forgotten Americans” who supported President Trump.

Those home owners deserve the dignity and respect of being manufactured home owners.

A simple president tweet in support of those manufactured home owners could be a useful step to restoring their dignity, often robbed by elitists politicos whos slammed them as deplorables.

Enhanced preemption, education on the realities of manufactured homes vs. the myths, and proper lending access could transform America in short order.

That can be done via enforcement of existing law.  It would cost very little to the federal or local governments.  It would increase the property tax base.  It would increase the net worth of Americans.

God is modest, and the Creator understands the notion of saving the best for last. The American Dream is tied up with faith, flag, family, and fortune.  Hebrew and Christian Scriptures prove that the Ten Commandments protect private property.

God isn’t a socialist.  God’s Word enshrines free enterprise, and private property.

President Trump’s taking action that protects faith communities, defending the use of the phrase merry Christmas, and protect Life, Liberty, and Property are Godly principles.

These are all concepts worth to reflect on this day, and every day.

Our sincere thanks for the president’s many successes to date.

Here’s to more, and a heartful happy birthday wish to President Donald J. Trump. Please continue your work at making America ever greater, all for the benefit of restoring the dignity and opportunities of Americans first. ## (Coaching tips, marketing, sales, and management news.)

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FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
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Behind So-Called “MH Resident Activists,” MHAction’s Kevin Borden, Anti- HUD Secretary Ben Carson, Manufactured Housing Industry Protests

May 21st, 2018 Comments off

HUDSecretaryBenCarsonProtestedByMHActionLogoCommonDreamsLogoManufacturedHousingInstituteMHILasVegasCongressExpo2018DailyBusinessNewsMHProNews

The topline is simple.

 

Many if not most of those so-called MHAction protestors were not manufactured home residents.

But where did MHAction come from?  What is the origin of their funding? Are there possible silver linings from the headlines they grabbed?

The Washington Post’s recent report on manufactured housing (MH) is part of the useful lens used to pull back the curtain on what MHAction billed as anti-an HUD Secretary Ben Carson, anti-MH industry protests.

 

MHLivingNews’ report spotlights the praise for the quality of the industry’s homes, by contrasting it against the protesters who themselves said that they tried to disrupt the Manufactured Housing Institute’s (MHI) final planned Las Vegas meeting.

 

Industry professionals are wise to keep in mind that these anti-business protesters ties to radical groups, revealed by the report linked below.

Washington Post – Protests of HUD Secretary Ben Carson, Manufactured Housing Institute, by MHAction, New York Communities for Change, CarsonWatch – An Inside Look

The story above could prove useful, especially to retailers and communities that may have a customer that is interested, but on the fence, due to some online report that creates undue concerns.

The facts are presented.  Modern manufactured homes truly are “amazing,” as Secretary Carson said – and federal data helps make the point.

As an attendee told MHProNews, their protests were ultimately not effective, as Dr. Carson ‘turned them into a punch line that drew laughter and applause.’

But those protestors still got headlines.  That’s reason enough to know more, so that you and your team can respond to shoppers who may have questions about this kind of tactic.

Don’t miss the report, bookmark and share it. ## (News, analysis, and commentary.)

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Related Reports:

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

 

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Kanye Controversy, Universal Income, Venezuela, President Trump, Manufactured Housing, First Principles, and You

May 4th, 2018 Comments off

KanyeControversyUniversalIncomeVenezulaPresidentTrumpManufacturedHousingFirstPrinciplesYouDailyBusinessNewsMHProNews520

What could all of those individual topics in the headline possibly have in common? What could each of those current events mean to manufactured housing professionals, owners, investors and advocates?

 

Plenty.

Here’s the quick rundown. The glue for each are the two words, “first principles.”  Let’s look…

 

The Kanye Controversy

Kanye West and Candace Owens where highlighted just days ago on the Daily Business News. One week after West’s remarks lit up mainstream news and social media, a new poll reveals that black male support for President Donald J. Trump has doubled.

That African American support doubled in a single week.

Black support is still low, but that doubling is enough to put the 2018 midterms back into play as a jump ball.

Remember that the Daily Business News used the internals of a New York Times poll in 2016 to predict that the small drift of blacks they noted toward the Trump campaign would be enough in states like North Carolina and Pennsylvania. Recall how that turned out?

 

Universal Income

Last year, the Daily Business News did several reports on universal income, each making the point that it will not work. Finland announced recently it will suspend its test trials in Universal Income. They didn’t work.

That was entirely predictable.

Yet there are still some powerful American voices promoting the failed and flawed universal income concept. If results facts and results matter, why should you listen to them on this topic?

Certain Voices are Pushing It – Would Universal Income Help or Hurting Americans?

 

Venezuela

The Daily Business News has periodically mentioned the meltdown of socialist Venezuela. A headline in Drudge today says that inflation in Venezuela has now quadrupled to 18,000 percent, in just two months.  By contrast, “The current inflation rate for the United States is 2.4% for the 12 months ended March 2018,” per U.S. Inflation Calculator.

Venezuela voted in socialists spouting utopian promises about a decade ago. That proud land has gone from one of the stronger South American economies, turning into a basket-case where people are starving, and are now being politically oppressed.

The Daily Business News has also reported on the rising poll numbers of socialists in the U.S.

Troubling New Study Reveals a Millennial Trend, Business, Economic, Political Impact 

Socialistic economics has not worked in Venezuela. It didn’t work in Greece, which the European Union bailed out. China is still communist but has turned to a more market economic system with less regulations.

Do you see the pattern?

No matter how much you like someone who is a preaching a socialistic economic approach, why trust or listen to them, when the clear pattern is one of repeated failure?

 

President Donald J. Trump

Keep in mind, editorially we are about principles over party labels. There is no doubt that the president has said and done things that get people across the spectrum stirred up.  MHProNews hears from those voices who complain about some tweet or remark about a controversial issue regularly.

A caller into a talk radio show observed that President of the United States (POTUS) Donald J. Trump is both “Democratic and Republican.” That’s truer that it may seem at first blush.

POTUS Trump has a position in common with Senator Bernie Sanders (I-VT) – trade and job protectionism.

POTUS is concerned over monopolistic impact over America’s economy and jobs. On that, Senator Elizabeth Warren (D-MA) and right leaning Steve Bannon and Senator Ted Cruz (R-TX), and the president all hold common ground.

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

On the southern border, former AZ sheriff Joe Arpaio and the president find common ground.  On peace through strength, the president looks like a Republican hawk; but he wants out of the Middle East as quickly as possible, a point he shares with libertarian leaning Senator Rand Paul (R-KY).

About 2 years ago, this independent MH industry writer and publication promoted President Trump for the White House. It was picked up by thousands of sites, including the Trump for President campaign site.

 

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

 

The takeaway or principle involved?  Turn down the noise and the drama, focus on the goal and results over the style. MHProNews predicted that based upon Mr. Trump’s stated platform, he would be good for business, the economy, jobs, wages, and manufactured housing.

The results?

Based upon survey after survey and reams of economic data, so far, so good.

Like Kanye, it’s about looking at what works instead of being distracted by what may be politically incorrect. Even Kanye’s wife – Kim Kardashian – has provided some distance between herself and her mate on the POTUS Trump question. Hmmm…

But results matter.

Black, and Hispanic unemployment are at historic lows. And female unemployment is near a two-decade low.

One principle involved is this, and everyone’s heard it.  The popular definition of insanity is to keep doing the same things the same way, and expect a different result.  To H-E double LL with following that pattern any longer, within or beyond of MHVille.

From Presidents Clinton, both Bushes, or Obama, there have been some common – and flawed – stances. It was time for a new approach, based upon sound first principles.

 

First Principles

Curating principles from clear-thinkers like Thomas Sowell, we’ve promoted what will work for the vast majority of the industry and millions of our potential and actual customers.  We reject controversy for its own sake, but we do nut shun a controversial stance, if it is based upon reason and facts over emotion and rhetoric.

First principles matter. Principles like, G. K. Chesterton’s pithy, “What’s wrong is that we don’t ask what’s right.”  Or that the lessons of history, faith and reason matter. Of course they count.

 

Promises Made, Promises Kept

What may have seemed like madness two years ago in our campaign coverage and support is part of our pledge to carefully curate news topics that matter.  The manufactured home (MH) industry slid from a 1998 high of 372,000+ shipments to a low eleven years later of under 50,000 shipments.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

The last twenty years have included most of the worst years of MH industry performance, even though manufactured housing quality is widely seen as the best ever. Those facts clearly point to unresolved problems that must be addressed.

As an industry, manufactured home professionals and investors can’t afford to make more big mistakes.

The Manufactured Housing Institute (MHI) has time and again talked a great game.  But counting emails, Facebook likes, or waving their hands high with “razzle dazzle” doesn’t change how often they have factually gotten it wrong time and again.  If they were so right, why are shipments still so historically low?

Manufactured Housing Institute “Walk Out,” “Cover Up,” and Shock at their Vegas Event

Do you want positive results, or do you want style with no delivery?  Take your pick.

Prominent MHI leadership promoted Secretary Hillary Clinton over candidate Donald Trump. Clinton wanted heavy regulations, President Trump and Vice President Mike Pence promised – and are delivering – one prudent regulatory rollbacks.  There are more and more who see that’s a clear disconnect, how about you?

As the president and VP have both said, “Promises Made, Promises Kept.”  The Heritage Foundation score sounds high, but that organization said that the Trump Administration has already fulfilled over 60 percent of its campaign promises in just 15 months.  If Heritage is right, that means the less than 40 percent of those campaign promises are left to go.

  • GDP is rising
  • Unemployment is falling
  • Peace through strength is underway, and seems to be moving in a positive way by largely defeating ISIS in Syria and Iraq, and in tough stances and actions with North Korea. Is Iran next?  Time will tell.  But history reminds us that Nevil Chamberlin, Bill Clinton, and Barack Obama’s efforts at appeasement have all failed. By contrast, Ronald Reagan’s peace through strength with the former USSR worked.  Appeasement or strength.  Take your pick.
  • Presidents Kennedy (D) and Reagan (R) cut taxes, and spurred the economy.  High taxes and sluggish growth, or lower taxes and more common sense regulations that yields more opportunities and jobs.  Take your pick.
  • There’s plenty of good, but there are also storm clouds. Too much automation, and robotics – notably by monopolistic companies – are destroying jobs.  Right now, more are being created than are being lost.  But if the monopolies aren’t broken up, then new business and new job creation will be stifled and will eventually stall out.

So the good work is underway, but the fight for a brighter future is far from over.

 

Winners and Losers

The National Federation of Independent Business (NFIB) – which includes hundreds of manufactured housing businesses – and the Manufactured Housing Association for Regulatory Reform (MHARR) have a much better track record that MHI on picking winning positions good for business and consumers alike.

Why?

Because they are operating under several proven “first principles.”

Among them?

  • Limited government,
  • with sound but limited regulation and
  • lower taxes will work better than;

heavy taxes, and heavy regulation both of which kills jobs, because it will drive businesses overseas. Giant Amazon just announced they are de facto working to force its will on Seattle on their latest tax to create housing proposal.  Monopolistic power forcing its will on a proven failure, another socialistic concept. It’s a classic case where both parties are wrong.

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A correct use

Dr. Carson praised the industry for building “amazing” homes, while blasting the regulatory regime under Pam Danner as “ridiculous.”

MHI’s EVP Lesli Gooch is quoted by the Washington Post as saying they did nothing about Pam Danner.  Proof once more that MHProNews was on the right path in our reports a year or more ago.  That’s not bragging, its a fact shared with an important point for manufactured housing professionals and investors in mind.

First principles matter. Investing the time to learn them, and apply them, and you’ll save years of wasted effort, and make more money, rather than let millions slip through your firms fingers.

Some of this may sound harsh to those who love MHI networking and mixers.  Sorry, but facts are what they are.

It’s not personal, its professional. It’s not a personal attack – that’s what our sources say that they do behind the scenes. Rather, what we do is analyze and critique, and give others a chance before or after to respond. There’s a difference.

Some – a minority – say they don’t want to read about concerns regarding monopolistic allegations, or who don’t want to read about weaponized MHI news delivered directly or through their surrogates. We understand that those are uncomfortable topics.  But when operations or third parties outside of MHVille – from across the political spectrum – point to the same problems and issues, why should we as trade publishers ignore it?

So as a first principles analogy, cancer is uncomfortable too, and sometimes the doctor has to tell the patient bad news. Hopefully, a troubling diagnosis is followed by a treatment plan that is proven to work.

Our site statistics prove that those ‘controversial stories’ about MHI and Berkshire Hathaway, et al, are at or near the top among the most read.

Speaking of site statistics, in case you missed it (ICYMI), check out the related report, linked below.  The third-party data proves that MHI is dropping, and MHProNews is growing.  Hint.  We’re winning.

What are the FACTS about Manufactured Housing Industry Traffic vs. Real Estate? MHVillage, MHProNews, Manufactured Housing Institute Data

How about that, Arlington and Omaha?  That’s MH Industry News, Tips and Views Pros Can Use.” ©.

It boils down to this. Make nice as has happened for too many years, and lose opportunities.  Or be candid, and apply first principles honestly in order to earn money.  Take your pick.

Count on us at MHProNews to deliver the first principles based news and analysis that many others apparently fear to candidly and publicly share.  ## (News, analysis, and commentary.)

(Third party images, and cites are provided under fair use guidelines.)

Related Resources and Reports:

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

Best Warren Buffett, Kevin Clayton, Clayton Homes, Berkshire Hathaway Annual Meeting, Competition, and “the Moat” Video Collection

HUD Secretary Ben Carson – Manufactured Housing Historic Results – Words, Deeds, and Metrics

Happy MH Owners? Good Professional Actors? Overlooked, “Honorable People”

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Juliet Eilperin’s Washington Post HUD Manufactured Home Program News Confirms Manufactured Housing Institute Position and Report

May 2nd, 2018 Comments off

JulietEilperinWashingtonPostManufacturedHousingIndustryDailyBsuinessNewsMHProNews

The [association] efforts have come as [Trump] administration officials are embracing manufactured homes as a way to increase the stocks of affordable housing using the private sector rather than taxpayer funding,” writes Juliet Eilperin, for the Washington Post (WaPo).

 

Already, they [manufactured homes] serve as the largest source of unsubsidized affordable housing in America, with 22 million Americans living in structures ranging from trailers [*] to high-end homes with ample amenities,” Eilperin said.

Juliet Eilperin is The Washington Post’s senior national affairs correspondent, covering how the new administration is transforming a range of U.S. policies and the federal government itself,” reads her brief WaPo bio. “She is the author of two books — one on sharks and another on Congress, not to be confused with each other — and has worked for The Post since 1998.”

The Washington Post is owned by Jeff Bezos, the world’s richest man, according to Forbes. Billionaires Bezos and President Donald J. Trump have been sparring over issues related to giant Amazon, which Bezos founded. Their politics differ too.

For most of its existence, the Office of Manufactured Housing has been an unassuming office within a federal department not known for its glitz and glamour,” said Eilperin.

But the little-known agency in the Department of Housing and Urban Development has been thrust into the spotlight as trade groups mount an unusually intense lobbying effort, seeking to scale back regulations that they say are hampering an industry that could provide a market-based solution to the affordable housing crisis,” said her insightful WaPo narrative.

That the Trump Administration would be party to such an amazingly ill-considered, offensive and arguably scandalous action ... is directly contrary to president trump’s own pledge to ‘drain the swamp’ in Washington D.C.,” wrote Mark Weiss, president of the Manufactured Housing Association for Regulatory Reform, in a July 27 letter [2017], which was unusually harsh even by Washington standards,” the narrative continued, revealing part of the backstory, as to which association did what in the drama that took place at HUD last year.

Within a few months, Office of Manufactured Housing Programs Administrator Pamela Beck Danner had been reassigned, and the woman she had hired, Lois Starkey, had been terminated,” Eilperin said.

Lesli Gooch, vice president of government affairs and chief lobbyist for the institute, said in an interview...[that] her association [the Manufactured Housing Institute, or MHI] did not weigh in on Danner’s reassignment, preferring to push for a broader reorganization.”

 

First Takeaways from the Washington Post MH Report

Eilperin has arguably done thousands of manufactured housing industry professionals, and potentially millions of Americans, several significant favors through her tightly-written narrative.

Among them? Eilperin confirmed the following:

  • Lesli Gooch admits that MHI did not try to get Pam Danner removed from her destructive role as administrator over the HUD Code manufactured housing program office. Put multiple stars next to that revelation, and keep in mind that HUD Secretary Ben Carson called the regulations “ridiculous.”
  • Between the two national associations, the Manufactured Housing Association for Regulatory Reform (MHARR) was credited for their part in having Danner removed from her ‘leadership’ as the administrator of the HUD Code Manufactured Housing Program Office.
  • The above portion of the WaPo story confirms months of reports by MHProNews. Specifically, that in spite of the call by numerous manufactured home industry pros, MHI’s own chief lobbyist admitted to the mainstream media that they did not attempt to have Danner removed.
  • Rephrasing, MHI was tacitly abetting Danner’s stay at HUD’s MH program office. Where was the logic in that for the majority of the manufactured housing industry? Over 17 years of experience since the passage of the Manufactured Housing Improvement Act of 2000 should have made it clear that the administrator of the program can implement, or foil, the intent of the law. Don’t MHI staffers know that history? Isn’t that self-evident logic, even absent that history?
  • MHI was clearly going against the wishes of the majority of the industry, which wanted to see Danner removed, see one of several examples of that in a report, linked here.

 

MHI and MHARR, Follow Ups

MHI has been asked to confirm, comment on, or clarify this Washington Post report. They have not yet done so as of this time.

MHARR issued a clarifying statement to their members and the industry in a release to the Daily Business News, after the online version if the WaPo report was published. That MHARR memo is linked below.

Washington Post “Once obscure office at HUD [Manufactured Housing] is the subject of unusually intense lobbying effort”

 

Bottom Lines, and What’s Ahead as a result of this WaPo MH report?

More will follow in the days ahead as the Daily Business News unpacks numerous revelations found in Eilperin’s insightful mainstream media reporting.

Keep in mind that the Washington Post just confirmed what some thought to be MHProNews’ controversial reports in 2017.  The WaPo report vindicates MHProNews, which MHI operatives and surrogates have allegedly sought to undermine. Indeed, the revelations above arguably suggest why MHI has sought to undermine this pro-industry trade news operation.

The facts matter to industry professionals and investors. MHProNews strives to be evidence and fact based, regarding HUD, MHI, or any other topic.  That’s MH “Industry News, Tips, and Views Pros Can Use.” ©  ## (News, analysis and commentary.)

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[* The use of the word “trailers” here by Eilperin was inappropriate, see the graphic below, or to learn more, click here.]

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.