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Posts Tagged ‘tap’

Zoning Changes on Tap for Manufactured Housing

September 27th, 2013 Comments off

A new proposal from the Columbus Junction (Iowa) Planning and Zoning Commission to the city council would create a manufactured housing (MH) district, and delete MH from R-2 and R-3 residential districts. According to muscatinejournal.com, current ordinances require any MH outside of a community to be placed on a permanent foundation and converted to real estate. The proposed map will be presented at the Oct. 9, 2013 public hearing. MHProNews understands before the changes can go into effect they must be read and passed three times by the city council.

(Photo credit: Pine Grove Manufactured Homes)

Modular Housing on Tap for Northern England

August 2nd, 2013 Comments off

Newham in northern United Kingdom has hired architects to develop the first 40 of 2,000 modular homes for public housing that will be rented for 80 percent of the market rate to the private sector over the next five years. “We were looking for a design that was modern and time efficient,” said John East, director of community infrastructure at Newham. “This is the first of four pilot projects we have planned in the next two years that will enable us to get off the ground.” The borough has identified 40 sites to place the homes but intends to buy more property, according to what bdonline.co.uk tells MHProNews. The first 40 modular homes will be ready for occupancy before the end of the year.

(Image credit: Andrea Klettner/bdonline.co.uk–modular housing in England)

Exemption for certain Manufactured Housing Appraisals on Tap

July 16th, 2013 Comments off

On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs), which would include manufactured home loans. Imposed by the Dodd-Frank Act, mortgage loans are considered to be higher-priced if they are secured by the borrower’s home and have an APR (average prime rate) more than 1.5 percent above the average prime offer rate. The proposed rules released by the CFPB exempt from appraisal requirements transactions secured by existing manufactured homes and not land, which covers new manufactured homes as well as pre HUD Code homes. This exemption marks a breakthrough for the manufactured housing industry and consumers. Additionally, the proposed rule change exempts loans of $25,000 or less, without which creditors providing non-QM loans for the purchase of manufactured homes would have been required to perform a complete Uniform Standards of Professional Appraisal Practices (USPAP)-compliant appraisal. That would add costs to the consumer and a burden to the lender, as MHProNews has learned from the Manufactured Housing Institute (MHI) newsletter. All six federal agencies are seeking comments on the proposal which closes Sept. 9, 2013. The rule is scheduled to take effect Jan. 2014. For the full report, please click here.

(Image credit: andyenstallblog)

Modular Homes on Tap for Native Americans

May 29th, 2013 Comments off

After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision.  The initial phase for the $7 million project will include clearing the land followed by preparing the infrastructure, and the houses will then be ordered from Hoopa Modular Homes. Targeted for low income residents, the single-family homes will be available for sale after the project is completed in about 2-3 years.

(Photo credit: merchantcircle–modular home under construction)

MH Developer Persists

July 12th, 2012 Comments off

Following a story we last published Sept. 19,2001 concerning the five year battle over a proposed development of two MHCs in Oxford, Connecticut, Garden Homes Management has resubmitted plans for the property, this time proposing 126 manufactured homes, reports the oxford-ctpatch. Opposition has come from the neighborhood and the Oxford Conservation Commission which oversees wetlands it says the development would disturb, a decision upheld by a Superior Court ruling. Garden Homes now says certain activities on tap at the development do not fall under the jurisdiction of the Inland Wetlands Agency. MHProNews.com has learned the newest plan will be considered at the July 23 meeting of the Oxford Conservation Commission/Inland Wetlands Agency meeting.

(Photo credit: Manufactured Home Source)