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Posts Tagged ‘neighborhood’

JPMorgan Chase Project Adds Affordable Housing, Creates 2,650 Jobs

April 7th, 2016 Comments off

mfg homes  nbcsandiego creditChase’s PRO Neighborhood’s $125 million program for disadvantaged neighborhoods nationwide provides funding to acquire, upgrade and provide affordable housing in areas headed for gentrification.

Another PRO aspect is working with Community Development Financial Institutions (CDFI) to pool resources and build health and education facilities as well as support community services.

Chase’s 2014 $33 million PRO Neighborhood pilot program resulted in raising $226 million, seven times the original amount, more capital for local economic and social service projects.

According to what MHProNews has learned from nationalmortgagenews, “This has resulted in $100 million in loans, financing first-time home purchases, the preservation and development of over 2,000 units of affordable housing, lending to over 130 small businesses, and creating and retaining 2,650 jobs.” ##

(Photo credit: nbcsandiego–affordable manufactured housing)

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

Manufactured Home Community Residents say City has it Wrong

August 10th, 2015 Comments off

mhc_westwood_village_cooperative__plymouth_mass______greg_derr_patriotledgerIn response to an article in the Portsmouth Herald in Portsmouth, New Hampshire, residents of Hillcrest Estates manufactured home community (MHC) complain about the city planner’s suggestion that Hillcrest’s owner create a better sense of neighborhood in the community by building pocket parks.

As seacoastonline tells MHProNews, Earl and Carole Greaves, noting Hillcrest’s owner has complied with every request and appeared before every committee, wrote, We wanted to see what hoop they wanted our owner, Glenn Gidley, to jump through this month in order to get approval. They said the city’s main planner, Nick Cracknell, sounds like he has never been to Hillcrest. “The only thing he had half right was his statement ‘These are clearly not mobile homes on wheels.’ No, Mr. Cracknell, they are NOT mobile homes on wheels, they are MANUFACTURED homes,” they wrote. (The Greaves emphasis.)

Noting the amenities in the 197 home site community and the strong sense of neighborhood, the Greaves say, “It is beautiful, peaceful, lovely, quiet and very neighborly. Folks move here because many are empty nesters and want to down size from that six-12-room house they lived in and raised their families. They don’t want to live in a condo or apartment complex where there are people above you, below you and on each side of you. They want a home that is free-standing, affordable, with land around it so they can have a garden. Residents can do this at Hillcrest.

The community has a neighborhood association, a quarterly newsletter, has been recognized by the city as a neighborhood, conducts planned social activities, and contributes to the food pantry monthly.

We are very proud residents of Hillcrest Estates and support Glenn Gidley and what he has done and is planning to do in the future,” say the Greaves.

(Photo credit: patriotledger/Greg Derr–Westwood Village, Plymouth, Mass.)

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

A Fresh Approach to Dealing with Foreclosures

August 1st, 2015 Comments off

foreclosure___for_sale__merchant_circle_creditA study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston neighborhoods, according to housingwire.

Thomas interviewed real estate agents, real estate lawyers and foreclosure auctioneers, and examined foreclosure sales data and determined the sales favored investor buyers who are more able to absorb the risk of a foreclosure sale.

Published in the journal Housing Policy Debate, the study states because of the consolidation in the mortgage service industry, the majority of mortgages are handled by a few large organizations with numerous loans. As a result, they tend to have a one-size-fits-all approach in dealing with delinquencies and foreclosures, leading to properties selling for lower prices. These properties in turn have a higher risk of being vacant, leading to crime and other neighborhood problems.

As MHProNews understands, she suggests the servicers work with the homeowners to find affordable mortgages and then let them to re-purchase their foreclosed homes at current market value. This allows the homeowners to retain their homes which in turn adds stability to the neighborhood and reduces problems all around. ##

(Photo credit: merchantcircle)

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

Military Modulars Repurposed in Tornado Torn Texas

September 30th, 2013 Comments off

The May 15, 2013 tornado that tore through a Hood County, Texas neighborhood left six people dead, and damaged or destroyed nearly 270 homes. MHProNews has learned many of the dwellings were older factory-built units, and 60 were Habitat for Humanity homes in Rancho Brazos. While rebuilding efforts are continuing, including 11 planned Habitat homes, at last count 12 families are set to receive modular homes that were used in the military, and star-telegram.com states more are expected to arrive in coming months.

(Photo credit: prweb/ramtech–military barracks Fort Sam Houston)

Refugees Living in Manufactured Homes

September 26th, 2013 Comments off

Some 700 refugees displaced by the flooding in Calgary, Alberta, Canada in June of this year will be housed in manufactured home communities (MHCs) in the Great Plains neighborhood of Calgary, and may have to remain there through the winter. A longer- term neighborhood of manufactured homes will be sited closer to High River, just south of Calgary, which was the hardest hit town, according to sunnewsnetwork.ca. As MHProNews has learned, 1,300 displaced people currently live in MHCs in Siksika and Saddlebrook near High River.

(Photo credit: Tory Ramsay/cbc.ca–Calgary flooded)

New MHC name, owner and planned changes bring hope to area

September 2nd, 2013 Comments off

bonser-posted-on-mhpronewsHillyard business owners and area residents are hopeful about change for an older ‘mobile home park’ that a new owner plans for this Spokane, Washington land lease community. The former Wishing Well Mobile Home Park has been renamed Easy Acres. KREM tells MHProNews that Lisa Bonser, a resident says she is looking forward to the plans for a clean up, community gate, newer homes and other improvements. A local Allstate business owner, Paul Hamilton, said: “It’s about improving the quality of life in your neighborhood, wherever you live.” While the report is not all peaches and cream, there are hopeful tones reflected too, a reminder to MH
business owners that there are potential rewards in terms of good media coverage when positive changes
are made. ##

(Video credit: KREM News)

First Modular Housing Development in Downtown Seattle

August 19th, 2013 Comments off

A seven-and-a-half story modular apartment building with 49 apartments in downtown Seattle, Washington will be move-in ready in four months. Real estate developer Daly Partners LLC has begun leasing the 3,000 square feet of ground level retail space for “N” Habit: Belltown, located in the Belltown area, the city’s first down modular development. Ranging from 422 to 752 in square feet, the company is also introducing the Abodian Wall, a minimalist multi-functional living space separated by a partition into a bedroom with a fold-away Murphy Bed on one side to a combination study/dining/kitchen on the other. The 11” thick walls provide energy and noise insulation from neighbors, and most units have private terraces and balconies, globest.com says, noting “N” Habit: Belltown is a bustling pedestrian and bicycling neighborhood in Seattle. MHProNews has learned the modules are being produced by OneBuild in Klamath Falls, Oregon.

(Image credit: Stricker Cato Murphy Architects–Seattle modular apartment building)

Modular Home Development Nearing Completion

July 24th, 2013 Comments off

Updating a story MHProNews published Jan. 27, 2013 concerning new modular town homes in Jersey City, NJ, several of the homes were on display July 23 for a walk through. The $7.6 million development of the 22 three-bedroom homes was delayed by a clean-up of chromium-contaminated land in a crime-plagued neighborhood dotted with foreclosed homes. Funded by a collaboration of private and public sources, Jackson Green will be a mix of affordable and market-rate homes priced from $118,000 to $205,000. All 22 modular homes will be completed by Dec. 2013, according to nj.com.

(Image credit: GRO Architects–Jackson Green, Jersey City, NJ)

Rental Market Continues to Expand

June 13th, 2013 Comments off

According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting households increased substantially from 2008 to 39 million, and that number will rise to 41 million in two years. Residential renter Real Property Management doubled in size during the last two years, and expects to add 60-80 franchises this year, and 100 next year. As the inventory of homes for sale remains thin and location is a dominant factor, families may choose to rent if they cannot find a house in the desired neighborhood to purchase. CEO Wally Chernoff of Rent Range states of single-family renters, 97 percent rank a safe neighborhood as important while 84 percent say school is critical. MHProNews published a story yesterday in which UMH CEO Sam Landy says the occupancy rate at the company’s 68 manufactured home communities has risen due to the strength of the rental market. As a result, UMH plans to add 200 rentals this year.

(Photo credit: apartmentquest)

Modular Home Sited over Neighborhood Objections

June 12th, 2013 Comments off

MHProNews has learned from brandoninfo the Brandon (Minn.) City Council has upheld the decision of the city’s Planning and Zoning Board of Adjustment to approve the siting of a modular home. Neighbors, claiming the residence will harm property values, had complained that the structure was a manufactured home and was not a new home as stipulated by city ordinance. Planning and zoning commissioner Bob Serk says he received written confirmation from the Minnesota housing authority that the home is modular, constructed by Dynamic Homes in 2005, and meets the same criteria and standards as site-built homes. Building inspector Dave Swier, admitting it is not new construction as noted on the application, says the fact that it is not a new home does not change his ruling.

(Photo credit: gainesville.com)