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“Trailer Parks,” Presidential Candidate, Prior HUD Secretary Julian Castro on MH Community Operators, Residents Not Knowing Their Rights

May 20th, 2019 Comments off

 

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If you don’t think that manufactured housing could become a 2020 campaign issue, as part of the broader affordable housing debate or otherwise, then the video below is just one of several reasons why it could be.  Perhaps even why it should be.

 

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Credit, Wikipedia. Note that MHProNews coverage of a candidate at this stage should not be construed as an endorsement. However, MHProNews will later discern and recommend specific candidates in each of the major parties that we think is the best candidate from that party for our industry and consumer’s interests.

Don’t forget what the Last Week Tonight with John Oliver viral hit “Mobile Homes” video launched – and revealed.

For example, as an upcoming report will reflect, the word heard from statehouses to Washington, D.C. is that the HBO satirical assault on specific manufactured home firms is sparking political debate.

That storm cloud could spell problems for manufactured home industry independents. And with HUD Code shipments already down, for 7 straight months.  It begs the question, will the Oliver video have an impact sales too? What is certain is that ignoring the political warning signs that could become business impacts is not an option for savvy professionals and investors.

In that context, at a minimum, this first video below is a reminder that affordable housing is an ongoing issue. Manufactured homes have a role to play in that scenario. Prior HUD Secretary Julian Castro acknowledged that in the video in his own words.

 

 

Castro did not put down manufactured homes, even though he could have done so in this agenda-driven video interview. At the same time, Castro raised issues that are not so different than the ones John Oliver’s errantly namedMobile Homes video raised.

 

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You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology. Share correct terminology with others, because it matters.

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The terminology matters because
the terminology determines the
construction standards a home was
built to,” Steve Duke, LMHA.

 

Castro’s Favors to MHVille?

It may sound odd from a pro-industry publication, but former Secretary Castro may have done the industry a dark favor, by speaking out frankly on topics that Oliver’s “Mobile Homes” has made an issue too.  ICYMI, or need a refresher on the background to the Oliver video, see the report linked below.

 

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

 

What will the manufactured home industry’s independents and other leaders do to fix the harmful stereotypes and vexing problems?

In the Manufactured Housing Institute’s (MHI) favor, and to their ‘credit,’ they obtained the Castro video below, while he was HUD Secretary.  It should be married up with the OZY Media video, above, compared and contrasted.

 

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Note that MHProNews coverage of a candidate at this stage of the 2020 race should not be construed as an endorsement. However, MHProNews will later discern and recommend specific candidates in each of the major parties that we think is the best candidate from that party for our industry and consumer’s interests. If significant independent candidates enter the 2020 White House race – such as Howard Schultz – we likewise reserve the right to discern and potentially endorse an independent in the race for 2020. Rephrased, we expect to have a candidate among Democrats that we will say is the apparent best from that party for the interests of the MH industry and consumers perspective. We expect one candidate from the GOP, and possibly one from independents and/or minor parties. That will maximize manufactured housing’s independents and MH homeowners potential influence on the 2020 race.

That said, why didn’t the Manufactured Housing Institute (MHI) successfully and sufficiently engage back then with Secretary Castro to get him to use correct terminology in a video like this?  That’s but one of several possible questions.  Frankly, the terminology is arguably less Castro’s miss than MHI’s.  Why?

Recall, it is MHI that claims to represent all segments of factory-built housing.  They have taken on the mantle of the industry’s post-production national trade association.  That makes it their job.  They should do their job properly, change their claims, or get out of the way.

MHI also claim to be promoting the industry and regulatory conditions in their IRS Form 990 filings. Those IRS forms are 990s are signed by Richard ‘Dick’ Jennison under penalties of perjury.

The Castro video was obtained years ago.  Is that more than enough time to post it on the MHI website?

 

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The HUD Secretary Ben Carson speech has been missing from the MHI website, but so too is this one from HUD Secretary Castro. Doesn’t this once more prove the point of equally controversial Frank Rolfe?

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Rolfe is a prominent – and controversial – MHI member.

 

This is the tip of a proverbial iceberg. Will enough MHVille professionals learn from the 2009 fiasco?

 

 

For a more complete understanding of the issues at play, and for a new report that goes in depth on a public site that you can share with others, see the link here and below the byline and notices.  During an affordable housing crisis, MHI is seemingly asleep at the switch as manufactured home shipments have dropped for 7 straight months. These are reality checks – stark wake up calls.

 

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As a pro-ethical growth, pro-industry, pro-consumer trade publisher that is the runaway #1 in manufactured housing, it seems apparent after years of mild to modest challenges that question MHI’s leadership, that more direct and serious efforts are arguably needed. See the related reports below for more insights and details.

 

That’s this Monday Morning’s second look at reality check of manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

You can click on the image/text boxes to learn more about that topic.

Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies

Rope-a-Dope – Preserving Access to Manufactured Housing Act, Mom, Dad, & You

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

Andy Gedo, Partner at ManageAmerica, Raises Clayton Homes Monopolistic Practices Debate; Manufactured Housing Institute Related Issues

Joe Stegmayer, George F. Allen, Manufactured Housing Institute Slogans, Slump, Slurs, Solutions

Inside Scoop on the Manufactured Housing Industry in Memes

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

“Lead, Follow … Or Get Out of The Way”

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

 

 

 

 

 

 

 

 

 

New Housing Trust Fund has $174M to Acquire Affordable Housing

May 10th, 2016 Comments off

mhi  photo credit  mh under productionThe U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely low-income families. The fund has been capitalized through contributions made by GSEs Fannie Mae and Freddie Mac.

Today, we offer another tool to help states confront a growing affordable rental housing crisis in this country,” said HUD Secretary Julián Castro. “The Housing Trust Fund will be an enduring resource designed to producing more housing that is affordable to our most vulnerable neighbors.”

Noting many families who work hard still cannot meet their rent, Sen. Jack Reed (RI-D), who wrote the 2008 law establishing the trust fund, said, “ A healthy housing market is key to vibrant communities and future economic growth, and these federal funds will help states expand the supply of affordable homes and strengthen our communities.”

Diane Yentel, President and Chief Executive Officer of the National Low Income Housing Coalition, added, “Today is an historic day for millions of Americans who struggle to find affordable housing. We look forward to working with the administration and our state partners as we put these dollars to work building affordable homes for the lowest income people.”

Each state will be allocated a minimum of $3 million.

ed. note: The portal.hud.gov does not indicate if funds can or cannot be used for manufactured housing (MH). One might think since HUD administers the MH program, and allegedly promotes it as affordable housing, that Housing Trust Funds could be used to acquire quality, affordable, safe MH. ##

(Photo credit: Manufactured Housing Institute–manufactured housing under construction)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cutting through Media Fog for Manufactured Home Owners and Pros

February 17th, 2016 Comments off

1-SenBobCorkerSamLandyUMHRichardCordrayCFPB-HUDsecretaryJulianCastro-InsideMH-ManufacturedHomeRegulationsHR650S682PreservingAccessManufacturedHousingVideoMillions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate of S 682, dubbed Preserving Access to Manufactured Housing Act.

The House version of the same bill, HR 650, passed last spring with bi-partisan support.

Inside MH has produced a video that spotlights the issue, by presenting key players in Washington, DC speaking about manufactured housing and MH lending regulations in their own words. That video is found on the page linked here, which in under 2 days drew thousands of MH professionals and numerous positive reviews of the video.

A source at CFPB indicates they are considering a response to the video and the issues it raises.

The Manufactured Housing Institute (MHI), has not yet made a statement on the subject, which was produced independent of their input, but included insights from MHI members, including Sam Landy, President and CEO of UMH Properties, who is featured in the video speaking about the impact of the current regulations on home shoppers, MH owners and MH professionals.  

MH state associations and industry pros have provided positive feedback in the video, and have forwarded the link onto members, colleagues and others.  “It’s a useful tool in advocacy on the policy side with Congress and the CFPB,” one email to MHProNews said, with others commenting “Great video!” or “This is well done,” etc.

MHLivingNews publisher L. A. ‘Tony’ Kovach has said this could be the first of other such videos that spotlight issues impacting manufactured housing home owners and professionals.

We have manufactured home owners and professionals who state on camera that they want to see the unintended consequences of Dodd-Frank changed, either by the CFPB making the needed adjustments, or through enactment by the Congress of the Preserving Access to Manufactured Housing Act,” Kovach told the Daily Business News.

The United States faces an affordable housing crisis, and manufactured homes serve as a vital solution for folks of modest means,” Secretary of the U.S. Department of Housing and Urban Development (HUD), Julian Castro states in this video.

That fix for the affordable housing crisis, Kovach says, doesn’t cost the taxpayers money.  By using manufactured homes and removing artificial barriers caused by mistaken regulatory policies, that can save taxpayers money because some renters will opt for ownership or possibly subsidized housing. “It will take one or more videos like this to cut through the noise and fog that special interest groups have created to get S 682 through the Senate and Preserving Access to Manufactured Housing passed into law.”  

Kovach suggested the best link to share the video with Congressional staff and others is the one here, on MHLivingNews, so that those who don’t yet understand all the benefits and modern realities of manufactured housing can go beyond the video and learn even more. ##

(Image collage credit – Inside MH video, ManufacturedHomeLivingNews.com.)

matthew-silver-daily-business-news-mhpronews-com(Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

HUD Secretary Julian Castro Speaks to Congress About Recent FHA Actions

February 12th, 2015 Comments off

Julian_Castro mayor of san antone  new HUD head 5 14On Wednesday, February 11, HUD Secretary Julian Castro testified before the House Committee on Financial Services concerning FHA’s effort to expand access to credit to credit-worthy families.

He began his presentation with some positive statements concerning the economy, saying that “2014 was the best year for job growth since the 1990s. Over the last 59 months, businesses have created 11.8 million new jobs — the longest streak of private sector job growth on record.  And in recent years we’ve seen existing single-family home sales rise 50 percent, housing starts double, and home equity grow by more than $4 trillion.”

Castro stated it’s clear that housing is reemerging as an engine of economic prosperity and that the Federal Housing Administration has been instrumental in this progress. “The FHA has provided access to credit for generations of underserved borrowers and has been a stabilizing force in the housing market,” he said.

But then he offered another viewpoint. “Unfortunately, there are some who try to include FHA with all the bad actors that caused the housing crisis. That could not be more wrong,” he explained. “FHA never pushed the toxic products that did so much damage. It didn’t bring down the market — it saved it.”

He pointed out that FHA both stepped in and stepped up to fill the void created when private capital retreated — actions that independent economists say prevented a further collapse in home prices. “And now that our nation has turned the page on the crisis, we have a responsibility to give more Americans the chance to participate in this growth,” Castro explained.

In order to do this, he said that last month FHA took action to restore some fairness in the market and to make homeownership more affordable for working families by reducing annual mortgage insurance premiums by a modest half a percentage point. “We expect this to save more than 2 million households more than $2 billion during the next three years,” he explained. “That’s money that can now be used on everything from a child’s education to retirement savings.  It will also encourage more than 250,000 new borrowers to enter the market, and create tens of thousands of jobs.”

For those who worry that the reduction in mortgage insurance rates might deplete the Mutual Mortgage Insurance Fund, Castro assured them that the Fund has a net worth of $4.8 billion according to the independent actuary’s most recent annual report to Congress. “It’s grown more than $21 billion in just two years,” Castro explained. “Even with the reduction, premiums are still 50% higher than pre-crisis levels.”

In addition, he said that the expectation is that the Fund will grow by at least $7 billion annually over the next several years, and exceed the 2 percent ratio within 2 years. “Our loans will still represent quality because our underwriting standards ensure that we’re lending to responsible borrowers,” he stated. ##

(Photo Credit: HUD)

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Article submitted by Sandra Lane to – Daily Business News – MHProNews.