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Manufactured Housing “Top Ten Truths”

April 6th, 2018 Comments off

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Give credit where it is due.

 

CFED/Prosperity Now has done important research for years. In many cases their research promotes manufactured homes as an important part of the solution to the affordable housing crisis.

Granted, CFED – which rebranded as Prosperity Now last year – sticks its finger in the eye of some manufactured home lenders, and some manufactured home community operators. That will be evident in the top ten seen below.

But should the baby be thrown out with the bathwater?  Where is “the industry’s” engagement with Prosperity Now, to come to terms with Prosperity Now on those problematic areas?  That’s another topic, for another time.

On this Flashback Friday report, the graphic shown is a reformatting of their Top Ten Truths about Manufactured Homes.

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One more point that seems to have escaped the notice of too many in manufactured housing, is that CFED led-the-charge over 4 years ago, on the point that manufactured home loans have proven to be sustainable.  In their research, they pointed to a $1.7 billion dollar loan portfolio that they said performed as well or better than conventional home loans.

The Daily Business News plans another look at related topics in the near term. “We Provide, You Decide.” © ## (News, analysis and commentary.)

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

ROC Leaders Meet at Texas Conference

November 17th, 2016 Comments off
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Credit: MHLivingNews.

Esthela Garza, president of the Pasadena Trails resident-owned community (ROC), and new member Paula Maldonado, were featured on a panel discussing the basics of manufactured housing at the “I’m Home” conference in San Antonio November 14th-16th.

Many of the residents were happy to live there, but now they participate in this community, too,” Garza said through a translator. “Our Members have responsibilities – they help out, they serve on the Board of Directors and committees, and it’s improving Pasadena Trails.

The I’m Home conference was designed for housing industry experts looking to unlock the potential of manufactured housing, organized by the Corporation for Enterprise Development (CFED).

For the full story from MHLivingNews, click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Mobile and Manufactured Homes Dropped from HOME Program

November 26th, 2014 Comments off

Josh-Cross-GallatinNewsExaminer-Tennessean=credit-posted-daily-business-news-mhpronews-com-The Tennessean  tells the tale of the HOME program, $250,000 in federal grants going to each of three TN counties, Gallatin,Portland and Westmorelan. The program is designed to repair – or in the past, even replace – homes that had update needs, up to $40,000 per qualifying resident.

Deemed a lifesaver to those who get the funding, among the changes this year is the fact that mobile and manufactured homes will no longer be eligible.

Yet Gallatin resident Teresa White is among those who lament that their conventional house is so cold, they pile on blankets in the winter to stay warm.

(The house) needs to be up to code,” White said. “The reason why I initially built it was so we could all be together.

Housing rehabilitation funds are limited to a maximum of $40,000 per structure. In a market like theirs, that could pay for a new, green and energy efficient manufactured home that would come with a warranty. Homes that need more than $40,000 in repairs will no longer be eligible for their HOME Program.

No reason was evident why the manufactured home solution was no longer being considered. ##

(Photo credit: Josh Cross/Gallatin News Examiner/The Tennessean) 

Pennsylvania Conference Conclusion: Manufactured Housing Critical to Area

August 7th, 2014 Comments off

penn state mobile home park  centredailytimes  abby drey creditForty-Five community leaders of varied backgrounds from eight counties in Pennsylvania gathered at the Federal Reserve Bank of Cleveland-Pittsburgh, sponsored by CFED’s (Corporation for Enterprise Development) Innovations in Manufactured Housing (I’M HOME), to discuss an initiative for improving the financial, health and environmental outcomes of residents of manufactured homes (MH). Though the numbers of MH vary county to county in Southwestern Pennsylvania, the units are proportionally older than homes elsewhere in the nation, making it an ideal testing ground to determine the effects of older factory-built homes on the health and welfare of the occupants. According to what CFED.org tells MHProNews, at the end of the conference there was a consensus that MH is vital to the region’s pressing needs for affordable and efficient housing for people of all ages. The first step will be to inventory manufactured homes in the area and determine which ones can be rehabbed and which ones need to be replaced cost effectively. ##

(Photo credit: Abbie Drey/centredailytimes.com–Penn State manufactured housing community)