Posts Tagged ‘public comment’

Manufactured Home Community Rent Control on Public Meeting agenda

August 29th, 2014 Comments off

santa-clarita-ca-rent-control-hearing-credit-signalscv-posted-daily-business-news-mhpronews-com-The City of Santa Clarita, CA, will host three public comment meetings to discuss draft updates to Santa Clarita Municipal Code 6.02, the Manufactured Home Park Rent Adjustment Procedures. Meetings are open to the public, as well as to residents of manufactured home communities, business owners and managers.

The City of Santa Clarita and signalscv  tells MHProNews that meetings will be held at the following locations and times:

Tuesday, September 2, 2014 from 6:00 p.m. to 8:00 p.m. at the Old Town Newhall Library, located at 24500 Main Street. Wednesday, September 3, 2014 from 1:00 p.m. to 3:00 p.m. in the Century Room at City Hall, located at 23920 Valencia Boulevard. Thursday, September 4, 2014 from 6:00 p.m. to 8:00 p.m. at the Canyon Country Library, located at 18601 Soledad Canyon Road.

In an exclusive interview that will be published next week on MHProNews, Sheila Dey, executive director for the Western Manufactured Housing Communities Association (WMA), has said such meetings can be intimidating to public officials who are subject to election, because 100 residents may show up and only one or two representing community owners are there to share their perspective.

Since 1945, the WMA has served the“exclusive purpose of promoting and protecting the interests of owners, operators and developers of manufactured home communities in California.”

The comments of Sheila Dey, JD, will be of keen interest to manufactured housing professionals. “A Cup of Coffee with…Sheila Dey” will be on the home page under Featured Articles starting September 1, 2014.

A balanced perspective, including a video from a Canadian news organization, on the rent control topic is found at this link. ##

(Photo credit: signalscv)

Dirty Water

October 2nd, 2012 Comments off

Widespread environmental management problems at 73 manufactured home communities led to the imposition of a $1,339,000 penalty for violating state and federal clean water and waste treatment statutes. All the communities are connected to Frank Perano of Lehigh Valley, Pennsylvania, who has signed a consent decree to pay, pending court approval and a 30-day public comment period. The result of a multi-year investigation found 5,200 violations of state and EPA drinking water and sewage standards in 45 communities in Delaware, Pennsylvania, and Virginia. The various corporations of Perano have been cooperative, according to investigators, and have agreed to the required upgrades. As MSNBC tells MHProNews, a third-party environmental consultant will periodically perform quality control audits at the communities to assure compliance.

(Photo credit: Localism–Melody Lakes Country Cub Estates, one of the communities affected))

Home Builders Want to Evaluate Legislative Proposal

September 21st, 2012 Comments off

In a letter to the U.S. Speaker of the House of Representatives John Boehner, the National Association of Home Builders (NAHB) expresses concerns with H.R. 4212, the Contaminated Drywall Safety Act of 2012, which is designed to prevent unsafe drywall being used in the U.S. While NAHB praises the Consumer Product Safety Commission (CPSC) for seeking the source of the drywall problem, the 140,000 home builder member organization has not had the opportunity to evaluate the legislation. In addition, NAHB is concerned the legislation might set a precedent wherein the CPSC may develop standards on the use of any materials without going through the public comment phase. As MHProNews has learned, the shortage of drywall following Hurricane Katrina led to the importation of Chinese drywall that sickened many residents in homes where the drywall was used. Numerous lawsuits resulted in millions of dollars in settlements, especially in Florida and Louisiana.

(Image credit: National Association of Home Builders)

CFPB Amends LO Compensation Proposal

August 27th, 2012 Comments off

As follow-up to a story we published Aug. 17, 2012 about loan originator compensation, the Consumer Financial Protection Bureau (CFPB) has issued a new proposal which gives management more control of pricing, and prohibits loan originators from leading borrowers into higher cost or higher risk loans as a means to increase their compensation. The CFPB wants lenders to offer a “zero-zero option” which allows potential borrowers to see the full interest rate and total closing costs of a mortgage so they can more easily compare it to other options. As nationalmortgagenews noted, CFPB Director Richard Cordray said, “Consumers have a hard time comparing loans when they are dealing with a bewildering array of points and fees. We want to provide consumers with clearer options and enable them to choose the loan that they believe is right for them.” In addition, under the revised proposal, senior managers would not be considered loan originators if they originated five or fewer loans in the last 12 months. The public comment period is open until Oct. 16. MHProNews has learned the CFPB intends to finalize the proposal after the first of the year.

(Image credit: moneycontrol)

MH Excluded from Definition of Higher-Risk Mortgage Loans

August 16th, 2012 1 comment

The Truth in Lending Act (TILA) was set up to promote informed use of consumer credit and increase transparency by requiring disclosures about its costs and terms. A joint group of federal agencies that oversee truth-in-lending concerns, including the Consumer Financial Protection Bureau (CFPB), are proposing to amend Regulation Z, which implements TILA. The revisions include a provision added as part of Dodd-Frank that excludes loans for manufactured homes in communities from the definition of “higher-risk mortgage loan.” The Indiana Manufactured Housing Association (IMHA) reports some industry lenders say they would not be able to make more than half of the loans they currently make on manufactured homes without this exclusion. MHProNews has learned if the loan is secured by the home and the land on which it sits (italics added), it could be considered a “higher risk mortgage”. Public comment on the proposal will be open until Oct. 15, 2012. See pp. 14, 38, and 44 of the attached link to the entire document forwarded to MHProNews by D.J Pendleton of the Texas Manufactured Housing Association.

(Photo credit: MHProNews)

CFPB Proposes New Mortgage Servicer Rules

August 14th, 2012 Comments off

In the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the Consumer Financial Protection Bureau (CFPB) has proposed a new set of rules to make borrowing more transparent and thus better protect borrowers. USA Today says the proposals require the servicers to provide clear monthly billing statements; connect borrowers with staff if they are in danger of foreclosure; notify borrowers if the interest rate is to adjust in case they want to refinance, or if they are being charged for insurance; and to keep better records to avoid mistakes. CFPB has concentrated on servicers since borrowers do not choose a mortgage servicer. Servicers buy the rights to service loan accounts and can charge fees for late payments. MHProNews has learned the CFPB will finalize the rules in Jan. 2013 after public comment ends Oct. 9.

(Image credit: HUD/Dean Hayes)

MHCC Set to Hear from HUD Housing Program

October 7th, 2011 Comments off

The Department of Housing and Urban Development (HUD) announces a meeting of the Manufactured Housing Consensus Committee (MHCC) will be held Oct. 18-20, 2011, at the Sheridan Suites Alexandria in Alexandria, Virginia, beginning at 9 AM on the 18th. Citizens wishing to address the committee are encouraged to contact the National Fire Protection Association in Quincy, Massachusetts, and have written comments prepared in advance. The agenda will include Federal Advisory Committee Preliminaries, subcommittee meetings and and proposals, a report from the HUD Manufactured Housing Program office, and consideration of proposals. The Committee will also allow time for public comment on matters already on the agenda. The meeting is scheduled to adjourn at noon on Oct. 20.

(image credit: HUD/MHCC)