Posts Tagged ‘news post’

Positive Housing News in VA

December 31st, 2012 Comments off

In its wrap-up of good deed events in Franklin County, Vir. for 2012, The Franklin News Post reports two of the stories are housing related. In Jan. 2012, Ply Gem Inc. in Rocky Mount donated the exteriors to seven new homes that were featured on ABC TV’s “Extreme Makeover: Home Edition.” In that episode, seven homes were built in seven days in Joplin, Missouri where the tragic tornado of May 22, 2011 wreaked death and destruction. In addition to the $330,000 value of the materials, Ply Gem sent 50 associates to the site to assist in the project, some from the Rocky Mount facility. The second event, as MHProNews reported Dec. 17, 2012, was the contract with Cavco Homes, Inc.’s plant in Rocky Mount to provide 30 manufactured homes for a foundation named in honor of a fireman who died at the Twin Towers on 9-11. Fifteen of the homes shipped before Christmas to New Milford, Conn. to house Staten Island, NY survivors of Hurricane Sandy who were willing to relocate and have a free place to live. Cavco discounted the homes by $300,000.

(Photo credit: Stacey Hairston/The Franklin News Post–Cavco Homes in Rocky Mount, VA)

And Now for the Rest of the Story……..

June 28th, 2012 Comments off

Following a Daily Business News post from June 18, 2012 about two MHCs in Carver, Massachusetts being snatched from the jaws of Equity Lifestyle Properties and becoming co-operatives, MHProNews has learned from boston, according to MA law, MHC residents have the first right of refusal if their community is being sold. Pine Tree Village (family, 186 homes) and Cranberry Village (55+, 280 homes) owner David Piper signed an agreement to sell the pair to ELS in Dec. 2011 for $22 million, a figure the residents had to match. The residents approached Piper with their offer the day before he was set to close with ELS. ROC (resident-owned communities) USA, a specialist in MHC co-operatives, arranged the 30 year mortgages for each community—6% for Pine Tree, 6.2% for Cranberry. Massachusetts-based Community Development Institute assisted ROC in developing budgets, finding a management team, and setting up operations.

(Photo credit: Amelia Kunhardt/The Patriot Ledger—Pine Tree residents Susan Roovers with daughter Whitford)