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Posts Tagged ‘property taxes’

MHC Community Owners Seek Code Changes

February 7th, 2017 Comments off
MHCCommunityOwnersSeekCodeChangescreditBismarckTribune-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bismarck Tribune.

In Bismarck, North Dakota, affordable housing is of vital importance.

And, according to the Bismarck Tribune, a group of manufactured home community owners are petitioning the city commission for the creation of a task force to keep manufactured home community living affordable.

 

These homes represent the most affordable unsubsidized housing in Bismarck,” the letter from community owners reads.

Unfortunately, Bismarck’s city policies unfairly burden the affordability of manufactured homes and impose on these homeowners costs which other homeowners are not asked to bear.

According to Myron Atkinson, spokesman for the group, and owner of Tatley Meadows, the issue is the manner in which costs for water, sewer, property taxes and other services are calculated.

The current calculation leads to a higher price per unit for those living in manufactured home communities versus those in other residential properties.

For example, sewer service is charged at a rate of $2.41 per unit for those with one to four families on a meter,” said Atkinson.

MHCCommunityOwnersSeekCodeChangescreditMHVillage-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: MH Village.

For those with five or more on a meter, the rate is $2.92 per unit, meaning mobile home [sic] owners pay a higher rate even though they each own their homes individually.

Atkinson shared that some progress has been made over the last year but there are still discrepancies.

Manufactured home owners were specially assessed at 200 percent of a special assessment basis, compared to 100 percent for a single-family dwelling.

While that percentage has been reduced to 150 percent, it’s still an issue for Atkinson.

We want our people treated like every other homeowner,” said Atkinson.

We [MHC operators] are expecting a sudden change in sanitary sewer rates being affected by federal environmental regulations, with rates expected to go from $2.56 to $2.92. It’s going to make a real difference in what rent increase is going to have to be.

And that rent increase has MHC owners concerned. Atkinson is estimating he will have to raise rents $15 per month just due to the sanitary sewer rates. By comparison, he says that he usually tries to keep increases below 3 percent annually as he adjusts for rising costs in employee salaries and services.

If you’ve got affordable housing, you should keep it affordable,” said Atkinson.

While the group has not heard back from city commissioners, Atkinson said that they are hopeful for a response soon, and that the proposed task force would include both residents and owners working with the city to find solutions to the challenges. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

Rent Increase at Calif. MHC has Residents Worried

March 4th, 2016 Comments off

corona_california__corona_la_linda_mobile_home_comm____cbsla___creditResidents of La Linda Mobile Homes in Corona, California received a notice from the owners of this 132 home site manufactured home community that rents will rise from $650 a month to $779 a month because of property taxes, leading many of the homeowners to ask the city for help. They fear more increases will be coming.

A number of the residents are on fixed incomes and say they cannot afford the increase and will have to move, according to what cbslocal in Los Angeles tells MHProNews. One resident who wants to leave has put her house up for sale, but the increase in site rent has turned away several prospective buyers.

The vice mayor of Corona says it is a private business matter. ##

(Photo credit: cbslocal–Corona La Linda mobile home community)

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

CFPB Corrects Typo in the TILA-RESPA Rule

February 10th, 2016 Comments off

consumer_financial_protection_bureausteve rhode slas get oug of debt org__kicks_aThe Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures rule, or TRID, that went into effect in Oct. has a slight typographical error in the supplementary information, as housingwire tells MHProNews.

The section in question deals with the application of tolerances to property insurance premiums and taxes, homeowner’s association dues, and condo and co-op fees.

The original CFPB addendum, p. 79829 of Volume 78 of the Federal Register reads “property insurance premiums, property taxes, homeowner’s association dues, condominium fees, and cooperative fees” are “subject to tolerances,” while the preceding sentence says the opposite: “Property insurance premiums are included in the category of settlement charges not subject to a tolerance, whether or not the insurance provider is a lender affiliate.” Not subject to a tolerance is the correct information.

Moreover, a similar correction has been made to another section on p. 79829. It is being revised from “are subject to tolerances whether or not they are placed into an escrow, impound, reserve, or similar account” to read “are not subject to tolerances whether or not they are placed into an escrow, impound, reserve, or similar account.

The changes take effect when they are published in the Federal Register Wed., Feb. 10. ##

(Image credit: Steve Rhodes/getoutofdebt.org)

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

Mortgage Debt: Problematic for Retirees

September 27th, 2013 Comments off

The Consumer Financial Protection Bureau (CFPB) says 30 percent of homeowners over 70 have mortgages to pay off. A study for 2001 reports eight percent of owners over 75 were carrying mortgage debt. More homeowners over 65 continue to pay on their homes into their retirement years, and that may make it more difficult for them to remain in their homes long term. Health care costs, property taxes and home maintenance will likely rise against incomes that rise little, if at all. Eric Belsky, managing director for Harvard University’s Joint Center for Housing Studies, states the number of households with persons over 65 will rise by 11 million over the next ten years. As nytimes.com reports, reverse mortgages may become more prominent. The homeowner borrows against home equity, but must have enough resources to maintain insurance and taxes, or they could lose the home. Most reverse mortgages are insured by the Federal Housing Administration (FHA), MHProNews has learned. A study of 32,000 people who sought information about reverse mortgages from 2006 to 2011 will be released in Nov. 2013.

(Image credit: caudium.com)

Battle Rages over Value of Manufactured Housing Communities

September 25th, 2013 Comments off

Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the value of Bay Indies in Venice has increased 23 percent over last year’s valuation to $47.3 million, while the value of Lake Village in Nokomis, FL rose 72 percent to $19.5 million. These are the same exact numbers he used last year that were denied. ELS has filed an appeal with the Value Adjustment Board, the same as last year. Tax increases are passed on to residents of the communities, resulting in the National Manufactured Home Owners Association (NMHOA) questioning the formula Furst used. According to heraldtribune.com, he is using the same methodology as before, sparking the same appeal from ELS. In April he sued ELS trying to force them to produce financial records for the two communities, but statutory law does not require it. In any case, residents will have to pay more if Furst succeeds in increasing the valuation.

(Photo credit: Equity LifeStyle Properties–Lake Haven MHC, Clearwater, FL)

Town Turns Down Manufactured Housing

September 9th, 2013 Comments off

A petition to rezone a subdivision to allow manufactured homes to be sited in Lake Hamilton, Florida, just east of Lakeland was denied on second reading at the town council’s meeting Sept. 3, according to theledger.com. Lee Saunders wanted to put conventionally-built homes on five of the 3.5 acre lots, and two manufactured homes on each of the other two parcels, but the council rejected the proposal. Noting it’s affordable housing, Saunders said, “If you make $32,000 a year and need a 2,000-square-foot house, you don’t have a lot of options. People will buy what they can afford.” He added the town is facing a tough budget year, and that undeveloped the land only brings in $120 in property taxes because it is zoned agricultural, as MHProNews has learned.

(Image credit: Wikipedia)

Request to Re-zone from Manufactured Housing to Apartments Set to Be Denied

September 4th, 2013 Comments off

A developer’s plan to rezone 19 plus acres platted for 73 manufactured homes, to 19 apartment buildings with 154 units, is being nixed by Iowa City (Iowa) planning staffers. Although there is already a concentration of multifamily housing on that side of town, the primary reason for denying the proposal, according to Jeff Davidson, director of planning and community development, is one private street that now goes through the manufactured home community would be insufficient to serve all the residents. The city says the road is too narrow, a public safety concern of the fire department. Developer Steve Gordon of AM Management, Inc. says the project would bring “much needed new rental units for working individuals and their families,” and generate $215,000 annual property taxes for the city and add $11 million to the city’s tax base. According to thegazette.com, the city’s comprehensive housing plan seeks small, affordable multifamily buildings on corners adjoining main streets. The planning and zoning commission will meet Sept. 5 to consider the application. MHProNews understands developers typically alter their plans when they know planners are lined up against them.

(Image credit: Wikipedia)

Iowa PAC Produces Results for the Manufactured Housing Industry

July 10th, 2013 Comments off

Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reports the Manufactured Housing Political Action (MHPAC) fund has raised $16,655 this year. He says the fund began the year at zero because all the funds had been spent on the elections in 2012 to good effect: Manufactured housing community owners will be receiving reduced property taxes for the next ten years. As MHProNews has learned, MHPAC is bipartisan, assisting candidates who demonstrate a willingness to support our industry.

(Image credit: Wikipedia)

Modular Units Transform into Hotel in Japan

July 1st, 2013 Comments off

Factory-built homes in Japan are a rarity, in part because Japanese roads are narrower and strict regulations govern size of cargo that can be moved on them. One man in Ibaraki Prefecture has a part-time operation importing very basic modular homes from Canada. Though very plain looking, they were built to withstand Canadian weather and are thus airtight and structurally sound. Although they move on wheels much like pre HUD Code homes, they can also be folded down into a more compact unit for transport, but even then the maneuvering through roadways is still tight. The main advantage to these homes is they are not subject to property taxes, and the price tag of $3,000 to $7,000 make them very affordable. Four innkeepers who lost their facilities in the tsunami of March 2011 that wiped out Onogawa were denied the right to rebuild because the government said the land had to be raised 12 1/2 feet, an expensive, time-consuming operation. Instead, they combined resources and spent $100,000 assembling a community of factory-built homes they operate as a hotel. As MHProNews has been informed by japantimes.co, El Faro has 108 beds as well as a front desk and attached restaurant.

(Photo credit: Philip Brasor/japantimes.co)

Clayton-Bradley Academy Opens July 19

May 22nd, 2013 Comments off

Following an article MHProNews posted April 1 regarding Clayton Homes CEO Kevin Clayton partnering with teacher Patricia Bradley to open a STEM school (science, technology, engineering, and math), knoxnews says classes are on track to start July 19, with Bradley as principal. The Clayton-Bradley Academy will begin with 140 students in K-6 and add a grade each year until it becomes K-12. Sited on the grounds of Clayton Homes in Maryville, Tenn., stressing the importance of education Clayton says quality education attracts people who want good schools for their children, and that in turn draws businesses into the community. “Ultimately that keeps property taxes lower because you’ve got companies who pay the majority of your property taxes, which lowers it for everyone else,” Clayton said. “I’ve found it to be true. If you want low property taxes, invest in schools.” While funding for the school has been completed for this year, the non-profit will field a fund raising drive to insure sustainability as the school expands. Noting the academy will integrate music, English, and the arts into its core subjects, and draw on a project-based learning approach, Bradley says, “We want to move learning from the knowing part of learning to using it in real life. We want to use that connection.” Clayton Homes is the largest producer of manufactured housing in North America.

(Photo credit: J. Miles Cary/knoxnews)