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Posts Tagged ‘income residents’

House and Manufactured Home Repair Program for Low Income Underway

August 28th, 2013 Comments off

daily-courier-ken-hedler-credit-planner-ruth-may-posted-daily-business-news-mhpronews-com-Chino Valley, Arizona launched a home repair program for low-income residents. The town joined other nearby locations in AZ, said planner Ruth Mayday, who oversaw a similar program for the town of Prescott Valley. “We have to serve the population that the state of Arizona tells us in terms of household income and household composition,” Mayday said. “That is what we focus on, those that have the greatest need.” Applicants must not exceed 80 percent of the median income for the area. Household income caps range from $30,750 a year for an individual to $57,950 for a family of eight. Once qualified, Chino Valley will use contractors who bid on repairs for the individual homes. ##

(Photo credit Ruth Mayday, Daily Courier/Ken Heder)

Moving pre-HUD Code Homes Challenging

August 6th, 2013 Comments off

While it is true that some older, pre-HUD Code homes may not be worth moving (except to the resident who cannot afford a better one), Robert Cochran, manager of Contempo Mobile Home Park in Spokane, Washington, disputes the notion that some homes are too old to be moved. While they may not be mobile, they can be moved by flatbed truck. However there are legal hurdles to towing one on highways if it was built before 1976, although that law can be waived if the home is moved because a community is closing. While WA law forbids banning homes from a community because of age, there are restrictions governing the condition of a home, and some may need to have utility systems upgraded to be accepted into new communities. In any case, state law requires homeowners be given 12 months notice in cases of a community closing, and as inlander.com informs MHProNews, the state can provide relocation assistance for low-income residents forced to move.

(Photo credit: Matthew J. Silver)

Modular Homes may Fill Demolished Factory Site

June 25th, 2013 Comments off

A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the Development Authority of the North Country (DANC), the CIDC will pitch in $25,000, to be matched by $25,000 from DANC for the water and sewer infrastructure. DANC ‘s board of directors will also consider a $100,000 no-interest loan to help defray construction costs of Habitat. MHProNews has learned from watertowndailytimes, board President Walter Plumley has suggested modular homes could be built with assistance from carpentry students at a local trade school. It normally costs Habitat $70k to $90k to build each house, with the funding primarily provided by local businesses and village donors. In addition, volunteers from the village will also help with construction of the homes designated for low income residents.

(Photo credit: Atlantic Bay Homes)

Affordable Housing Shortage is Critical; Dodd-Frank is “Deadening”

June 13th, 2013 Comments off

According to the president of the Federal Home Land Bank (FHLB) of New York, Alfred DelliBovi says the need for affordable housing is becoming critical, especially as the availability of federal funds for housing decreases. As MHProNews has learned from nationalmortgagenews, each of the banks’ 11 districts has an Affordable Housing Program which is required to set aside ten percent of its private earnings to support housing for low income residents. He says given the state of the sluggish economy, it’s difficult for those of modest means to save enough for a down payment, and as former deputy director of the Department of Housing and Urban Development, he knows the importance of assistance. Calling the Dodd-Frank Act “deadening,” “poorly constructed” and “costly,” he says legislators pass laws telling someone else to enforce the rulings without understanding the root cause or knowing the full impact of the legislation. “Reducing risk sounds like a great idea, but if you do it to the point where business is impossible, that’s crazy,” he adds.

(Image credit: bloombergbusinessweek)

Modular Homes on Tap for Native Americans

May 29th, 2013 Comments off

After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision.  The initial phase for the $7 million project will include clearing the land followed by preparing the infrastructure, and the houses will then be ordered from Hoopa Modular Homes. Targeted for low income residents, the single-family homes will be available for sale after the project is completed in about 2-3 years.

(Photo credit: merchantcircle–modular home under construction)

Partners Prowling for Workforce Housing

May 10th, 2013 Comments off

According to CPExecutive, Canyon Capital Realty Advisors and Citi are partnering in a venture to acquire modular workforce housing in underserved areas across the country. Backed by $800 million, the Canyon Multifamily Impact Fund is targeting properties priced from $20 million to $90 million. “Amid increased housing costs across the United States, the need for quality workforce housing near employment centers is higher than ever,” said Dan Millman, principal at Canyon Capital. The fund will manage the properties. Harvard University’s Joint Center for Housing Studies informs MHProNews in 2001 there was a shortage of 2.4 million affordable units for low-income residents, but that number more than doubled to a 5.1 million unit shortage in 2010.

(Photo credit: PRWeb–Atco’s Pirate Cove Lodge–modular workforce housing in northern Canada)

Modular Homes being Sited for Hurricane Sandy Victims

March 29th, 2013 Comments off

In updating a story we first posted Feb. 7, 2013, myfoxny informs MHProNews, 17 modular homes have been acquired by the Affordable Housing Alliance in Eatontown, NJ with $1 million donated by the Robin Hood Foundation. Originally, Robin Hood had distributed $45 million of $67 million raised, including funds from the 12/12/12 rock concert, mostly going to survivors of Hurricane Sandy who had been rendered homeless. The modular homes will be occupied by low-income residents who lost their homes or apartments in the hurricane, and will be sited at an existing land lease community in Eatontown.

(Photo credit: E. Assata Wright/hudsonreporter–modular rising in Jersey City, NJ)

New York City to Sell MOD

March 4th, 2013 Comments off

The dailyfreeman informs MHProNews that a modular home on the verge of being sold to a low-income family in Kingston, NY is the center of some controversy, due to the former mayor’s connection to the company that originally sold the home to the city and Ulster YouthBuild in 2011. The buyers have an approved mortgage to purchase the home for $135,000, and are required to remain in the home five years. The Common Council’s Community Development Committee (which voted in favor of the sale) Chairman Matthew Dunn says, “I support residents, including low income residents, owning homes in Kingston. Home ownership is a way to strengthen and stabilize neighborhoods. This sale means a property is on the tax rolls and that a family is committed to our community. Hopefully this home will provide them with the housing and security that they need to be successful in the future.” After former Mayor James Sottile left office, he began working for a developer who arranged the sale of the modular home to Kingston and the YouthBuild project. Purchased for $62,775, Sottile says the developer sold it at cost and therefore did not benefit. The Common Council will vote on the sale at their Tue. March 5 meeting.

(Image credit: MapQuest)

City Addressing Displaced MH Residents

January 23rd, 2013 Comments off

Following up on a story MHProNews published Nov. 19, 2012 concerning the city of Fort Collins, Colo. and its responsibility to help MH residents displaced by development, the city has drafted a report to preserve affordable housing, and addresses the role of the city and property owners in assisting low income residents find new homes. The report suggests creating a manufactured community zoning district and requiring developers give residents up to a year to find new housing. Under the proposal, developers would also have to either pay some or all of the value of the MH being left behind, or fund the moving of the homes up to 25 miles. The Coloradoan says city officials are hosting an open house to discuss the report.

(Photo credit: MHVillage)

 

For Profit and Non-profit Collaborate To Alleviate Storm Damage

November 14th, 2012 Comments off

Global financial services firm Morgan Stanley and non-profit National Equity Fund, Inc. (NEF) have added $75 million to their joint Rebuilding Local Economies Fund to help provide replacement housing for victims of Hurricane Sandy, according to BusinessWire. Designed to jump-start economic activity with developmental assistance, the fund finances affordable housing for low-income residents in FEMA (Federal Emergency Management Agency)-declared disaster situations. The $200 million fund, administered by NEF, has committed $108 million to assist residents in the South and Midwest over the last 18 months of tornadoes and flooding. The additional $75 million will target areas of New York, New Jersey, Connecticut and Rhode Island damaged by Sandy, as MHProNews has been informed. When all $200 million is allocated, 1,500 housing units will have been developed along with the jobs created by the homes’ construction.

(Photo credit: Examiner)