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Posts Tagged ‘missoula’

Kalispell’s Morning Star Opted for ROC Status

June 14th, 2017 Comments off

ROCUSACooperativesFacebookPageManufacturedHousingIndustryDailyBusinessNewsMHProNewsCongratulations to all the Members of Morning Star. A job well done by you and NeighborWorks Montana! Welcome to the ROC USA family of 202 Resident-Owned Communities,” reads the post on the ROC USA Facebook page.

The Daily Interlake reports that Kalispell, Montana’s Morning Star community has closed on their resident-ownership loan.  The $1.55 million dollar deal is a step toward greater control over their financial future, says ROC USA and the Daily Interlake.

Morning Star Community Homes is the second resident-owned community in Kalispell — and the 202nd such community in the United States. It has 41 mobile homes [sic] and is located on South Woodland Drive, next to Green Acres, which became the first resident-owned community in the Flathead Valley six years ago,” said Lynnette Hintze.

When Morning Star’s owner, Tim Ohler, decided to sell his land-lease community, he contacted NeighborWorks Montana about creating a resident-owned community, states Danielle Maiden.

Maiden is a cooperative housing specialist with NeighborWorks.

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The owner knew about Green Acres and when he got ready to sell he reached out to us,” Maiden said. “We came in and knocked on doors and told them what we could offer.

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Office of NeighborWorks. MT. Credit NeighborWorks.

We have a special structure [that] makes it so their down payment is membership in the cooperative,” Maiden said. She said what the residents, and the seller, believe too, “It’s a really amazing program.”

Daily Interlake states there’s a $100 one-time membership fee to belong to the resident-owned community. That fee is refunded when a home owner moves out of the community. Incoming residents are required to belong to the cooperative.

Its first successful ROC project was with homeowners in Mountain Springs Villa in Red Lodge. There are reportedly now eight resident-owned communities in Montana. Others include two in Missoula, two in Great Falls and one in Pablo. ##

(Image credits are as shown above, and when provided by third parties, are shown under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

Manufactured Home Owners Could Be in for a Surprise

May 16th, 2017 Comments off
ManufacturedHomeOwnersCouldGetSurprisecreditZillow2-postedtothedailybusinessnewsmhpronewsmhlivingnews

A manufactured home in Montana. Credit: Zillow.

In Montana’s Yellowstone County, manufactured home owners can look to receive their tax assessments a bit later this year.

The reason? According to the Billings Gazette, many are expected to show a large increase in value.

The major differences from last year’s assessments are that 2017 is a reappraisal year and, for the first time, the agency is using a comparable sales method for valuing most mobile homes [sic],” said Robin Rude, the regional manager for the Montana Department of Revenue.

Mobile home [sic] values are expected to increase an average of 15 percent to 19 percent, although some values decrease as well.”

Rude said that the assessments are delayed this year because of the 2017 legislative session, where pending legislation could have affected tax rates and the agency waited to see if it needed to make changes.

ManufacturedHomeOwnersCouldGetSurprisecreditZillow1-postedtothedailybusinessnewsmhpronewsmhlivingnews

A manufactured home in Montana. Credit: Zillow.

The assessments sent will tell homeowners the new value of the manufactured home, the 2016 value and how to estimate taxes based on 2016 mill levies, which do not include special levies.

Homeowners who are dissatisfied with the new value will have 30 days to file for an informal review with the DOR.

In past years, the DOR has used a cost method for appraising mobile homes in Yellowstone County. That approach reviewed cost tables and depreciation to determine a value.

For the 2017 cycle, DOR is using a comparable sales model, which determines value based on sales of similar mobile homes.

Yellowstone County never had enough sales to develop a comparable sales model until recently,” said Rude.

Other larger counties, like Gallatin, Lewis and Clark, Missoula and Cascade counties, developed comparable sales models in 2015 and have been testing the approach.”

That approach is due to the number of homes increasing, in part from oil and gas development in the Bakken fields and North Dakota.

The Daily Business News has covered manufactured housing in the region extensively, including a report from Matthew J. Silver which showed seven states, according to mdjonline.com, actually saw their median ago lowered, and five of those are involved in oil and gas exploration—North and South Dakota, Montana, Wyoming and Oklahoma.

 

That story is linked here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

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

 

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Manufactured Home Demolished in Accident

July 8th, 2013 Comments off

A semi towing a manufactured home in Stevensville, Mont., south of Missoula, tipped over, closing part of the highway for several hours. The home was a total loss and the driver was transported to the hospital with non life-threatening injuries. As nbcmontana tells MHProNews, the trailer hauling the home was allegedly not securely fastened to the tractor.

(Photo credit: Scott Zoltan/nbcmontana)