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Posts Tagged ‘mh’

New MH Included in Robin Hood Donation

February 7th, 2013 Comments off

Asbury Park Press informs MHProNews New York City’s Robin Hood Foundation, which began raising money after Hurricane Sandy, including the 12/12/12 rock-star concert, has distributed over $45 million of the $67 million raised. The majority of the funding is going for housing-related services, as in the past. Of the $10.5 million being dispersed in the latest round of giving, Monmouth and Ocean Counties in New Jersey are receiving $3.7 million, which is being distributed to several organizations. Included in the distribution is $725,000 to the Union Beach Disaster Relief Fund to purchase four new manufactured homes for survivors who lost their homes n the storm.

(Photo credit: Wikipedia–Hurricane Sandy damage to Long Beach Island)

Drew Set to Release Q4 Results

February 7th, 2013 Comments off

RVBusiness informs MHProNews Drew Industries, Inc. of White Plains, NY will release its financials for Q4 2012 before the market opens on Wed. Feb. 20, and then host a conference call that same day at 11 AM ET for institutional investors and analysts. Others may listen to a live webcast of the call by contacting the company. Drew is the parent company of Kinro Inc. and Lippert Components, Inc., which supply the MH and RV industries with doors, windows, and other components.

(Image credit: Drew Industries, Inc.)

Senate Bill Likely to Fail

February 7th, 2013 Comments off

Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews state Senate Study Bill 1076 that tightens regulations on the MH business is opposed by the IMHA board of directors and the industry as a whole. Proposed by state Attorney General Tom Miller, the proposed legislation deals with the relationship between the landlord and residents, and resulted from an investigation by the Des Moines Register into land lease community regulations. Similar bills have failed to be approved in the past, and there continues to be strong industry opposition to the measure.

(Photo credit: Wikipedia–Iowa Legislative Chamber))

Modular Homes to Arrive within Two Weeks

February 7th, 2013 Comments off

Following up on an MHProNews story Feb. 1, 2013 about the 1,000 homes that were damaged in a flood in Bundaberg, Australia, Premier Campbell Brown toured the area and assured the people who are currently living in tents that at least 12 three-bedroom modular homes will arrive within two weeks for those whose homes have been completely destroyed. The Daily Telegraph reports boxes containing shoes, underwear, shirts and shorts are being unloaded for distribution. The main tent has 320 beds with laundry and bathroom facilities and can feed up to 450 people from a mobile kitchen. Another 57 beds will be available at Finemore Caravan Park, which is comparable to an MH and RV community in the U.S.

(Photo credit: UK Construction)

Commission Approves Request for Siting MH

February 6th, 2013 Comments off

Despite pleas from a homeowner’s association representative that no more MH be allowed in the Hillcrest subdivision in Abita Springs, Louisiana, nola reports the St. Tammany Parish Zoning Commission approved a request to site a manufactured home in the subdivision. The home would be situated among other factory-built homes that have been grandfathered in. The homeowner’s association, which represents 30 percent of the property owners, says additional homes will harm property values. The MH owner says her $90,000 home would not bring the neighborhood down. As MHProNews has learned, the commission’s recommendation will be sent to the Parish council, which has final say.

(Photo credit: Robert Rhoden/nola)

Legislation would Demand Insurer Offers Full Coverage

February 5th, 2013 Comments off

Following a story we last published May 8, 2012 in which state-run Citizens Property Insurance in Florida stated it would no longer insure carports and porches, legislation has been filed in both chambers that would require them to do just that. In a bill backed by the Federation of Manufactured Home Owners of Florida as well as by James Ayotte, executive director of the Florida Manufactured Housing Association (FMHA), Senate Bill 378 and House Bill 573 would require Citizens to offer adequate coverage on manufactured homes and their related structures, attached and otherwise. The company had wanted to drop 45 percent of its policyholders and raise rates on the others, saying a major hurricane could wipe out its $6 billion surplus. As sunshinestatenews tells MHProNews, the goal of the legislation is to make sure MH owners are covered for the full value of their homes.

(Photo credit: Sunny Oaks Community)

Dec. MH Shipments Drop

February 5th, 2013 Comments off

The Manufactured Housing Institute’s (MHI) monthly economic report says 3,513 new manufactured homes were shipped in Dec. 2012, down 8.5 percent from Dec. 2011 shipments of 3,838 homes. MHProNews understand year-to-date shipments for 2012 stand at 54,891, an increase of 6.4 percent over the 51,606 homes shipped in 2011.

(Photo credit: Wikipedia)

MH gets Small Bite of Fannie Mae Multifamily

February 4th, 2013 Comments off

Daily Markets informs MHProNews the $33.8 billion in multifamily loans that Fannie Mae and its lenders processed in 2012 builts nearly 560,000 units of housing. “In 2012 the multifamily market was strong, with solid fundamentals remaining in place,” said Jeffery Hayward, Senior Vice President, Head of the Multifamily Mortgage Business, Fannie Mae. “Private capital continued to return to the market, an important step to restoring a more normal lending environment.” In addition, 98 percent of the multifamily loans were through the Delegated Underwriting and Servicing (DUS) program, which requires lenders to have “skin in the game.” Manufactured housing communities received $912 million in 2012 from Fannie Mae, $377 million more than in 2011.

(Image credit: Forbes)

Block Grant will Rehab MH

February 4th, 2013 Comments off

According to Whiteville, the city of Whiteville in south central North Carolina has received a Community Development Block Grant (CDBG) of $525,000 under the new catalyst program, which requires strict non-discrimination procedures, and the city government must make every effort to include public input on how the funds are spent. The guidelines state a house that requires over 80 percent of the cost to rebuild will be replaced rather than rehabbed, and recipients must prove financial hardship to qualify. The city must provide temporary housing for those who have to relocate during the project. The rules limit the amount that can be spent on a manufactured home to $20,000, and a $40,000 limit on any structure. MHProNews has learned in addition to rehabbing private homes, the catalyst program requires some of the funding be spent for public use.

(Photo credit: Mathew J. Silver)

 

PSE Offers Free Energy Upgrades to MH

February 4th, 2013 Comments off

The Olympian reports Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes who have electric forced-air for their primary heat source in Thurston County, Wash., the Olympia area. With up to a $500 value per home, and four out of five manufactured homes with leaking HVAC systems, energy savings could be up to 30%. Procedures include sealing ductwork, installing energy-efficient shower heads and compact fluorescent light fixtures, and replacing air filters. PSE estimates there are 8,400 manufactured homes in the Thurston County area that may benefit from this service. As MHProNews reported April 5, 2012 and May 20, 2011, PSE has offered this service to MH residents the past two years as well.

(Photo credit: Horizon Land Co.)