Posts Tagged ‘private entities’

Collaborative Effort will Improve Lives of Manufactured Home Residents

July 31st, 2013 Comments off

Realizing the importance of manufactured home communities as supportive social networks, Karen Chase helped organize the Housing Stock Upgrade Initiative—now a non-profit called ReHome Oregon—to repair, rehabilitate, and replace manufactured homes. With help from a variety of federal, state and local public and private entities, residents of manufactured homes in Curry County, Ore. will be eligible to receive loans at zero interest rates for rehabbing and, in some cases, replacing their homes. The county assessor’s office reports there are 3,876 factory-built homes in the county, 604 of which are in poor condition. A tarp covering part of a home keeps one man from being homeless; another home is accessed via a ladder through a window. Annette Klinefelter, who does grassroots work in health and economic development, says, “I have not talked to one person who lives in a manufactured home who doesn’t have an upper respiratory problem. With a small investment, the entire burden on the whole system is decreased. We can do better by them. Life hasn’t been very good to some of them, so they think that anything that is this good must be too good to be true. Many times they don’t trust government programs. We can make it in such a way there is no wrong door.” Weatherization and installing energy saving devices can make a huge difference; counselors will be available to assist people in adjusting to new homes and taking advantage of resources to improve their living situation when the program goes into high gear in January. As MHProNews has learned from, the program will also create jobs for many of those unemployed.

(Photo credit: thetimesnews–refurbished manufactured home)

HUD Grants to Spur Urban Housing

May 31st, 2013 Comments off

The Dept. of Housing and Urban Development (HUD)’s Choice Neighborhood Program will provide $109 million in grants to revitalize public and HUD-assisted housing as a means of transforming desolate communities. HousingWire says Choice Neighborhoods program focuses on three goals: replacing distressed housing, improving educational outcomes for youth and rehabilitating decimated neighborhoods. Choice Neighborhood grants can be extended to local governments, public housing authorities, tribal entities, nonprofit organizations, and to collaborations of public and private entities. Since 2010, HUD has granted $231 million in grants to eight major cities as a means of stimulating neighborhood transformation. These grants generated almost $2 billion in leveraged funding that impacts the communities. MHProNews has learned applications for the Choice Neighborhood Program will be taken until Sept. 10, 2013.

(Photo credit: nakedphilly)

Loans more Available for Factory-built Home Buyers

April 17th, 2013 Comments off

MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will allow CIS to offer bridge “construction-to-permanent loans” and the ultimate resale of the loan to government or private entities. Since it began in 2009, DVF’s financing has been available only to dealers of Deer Valley homes to acquire inventory. The partnership with CIS will now provide financing for retail buyers of manufactured and modular homes, primarily in south central U. S.

(Image credit: texaslendingtoday)