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MHI Sluggers Come to Louisville, Part II

January 16th, 2012 Comments off

In his address to a packed room at the Louisville Manufactured Housing Show Jan. 12, Jason Boehlert, Vice President for Government Affairs at MHI, said manufactured housing is a good fit considering the current economic conditions, because “it’s nice to have the home of your dreams, but it’s better to have a home you can afford.” Noting that 21 percent of all new housing starts for the past two decades has been manufactured housing, Boehlert said Congress needs to realize it is affordable housing, and focus its attention on correcting HUD’s misapplication of Congress’ intent with regard to regulation. Regarding financing, Boehlert said there is a limited secondary market for manufactured housing loans, so community banks are one place to seek additional financing opportunities. He said the Consumer Financial Protection Bureau (CFPB) now has a director, Richard Cordray. If that ‘recess’ appointment by President Obama holds up, Cordray has made investigating non-bank lenders a top priority. He cautioned lenders that “there are 3,000 new regulators out there looking for something to regulate.”

(Photo credit: MHProNews)

MHI Sluggers come to Louisville, Part I

January 16th, 2012 Comments off

In speaking to a packed room at the Louisville Manufactured Housing Show Jan. 12, Joe Stegmayer, CEO of Cavco/Fleetwood and MHI Chairman told attendees about the ongoing efforts of MHI to advance the Industry’s agenda in Washington. Stegmayer spoke of the critical nature of involvement by state associations, because “all politics are local.” Stegmayer said MHI and MHARR have been working together on some issues coming out of Washington. Both organizations participated in a conference call Nov. 22, 2011 with Federal Housing Authority (FHA) Commissioner Carole Galante and Housing and Urban Development (HUD)’s program manager Henry Czauski. They discussed tight credit, a non-career administrator for the MH program, and representation on the Manufactured Housing Consensus Committee (MHCC). Stegmayer said he hopes they can work even more closely with each other in the days to come. He said MHI is carefully looking for a replacement for Thayer Long, and suggestions on a possible replacement should be sent to jboehlert@mfghome..org. Sources tell MHProNews that the goal is to have a replacement for Thayer Long in place on or before March 2012. Some of the biggest names in the Industry were in attendance for Stegmayer’s address, along with a healthy dose of ‘mom and pop’ operators who make up the majority of the players in the Manufactured Housing Industry today.

(Photo credit: MHProNews)