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Developer Plans to help MHC Residents Transition

April 21st, 2017 Comments off
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A view inside the Chesterfield Mobile Home Park. Credit: STL Today.

Just outside of St. Louis, Missouri, a developer is dealing with the reality that sometimes, trying to do the right thing isn’t always enough.

In a story the Daily Business News originally covered here, the city of Chesterfield’s only manufactured home community, Chesterfield Mobile Home Park, had rumors swirling about a potential sale of the community, and the development of almost 300 apartments where it currently sits.

According to STL Today, Mike Lang, who leads developer Amerwest Development LLC of West Palm Beach, Fla., wants to minimize disruption of the families in the community and provide the help necessary for residents to transition should his bid to buy the site go through.

We would be as equitable as possible,” said Lang.

I’m sensitive to the fact that they’re there. I’m not interested in creating huge upheaval.”

The area has become a hot bed for developers, as large companies such as Monsanto, Bunge, Reinsurance Group of America and Pfizer are building new employment centers in Chesterfield. The city is one of the region’s most affluent suburbs.

Yes, we’re going to disrupt people’s lives,” said Lang. “But the question is: Am I going to do it, is someone else going to do it?”

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Credit: Google.

With zoning hearings coming in the near future, Lang’s ability to purchase the community is still far from a done deal. And some residents in the community are gearing up for a fight.

Some residents gathered last week at one of those zoning hearings at Chesterfield City Hall to state their case.

We’re trying to get a solid front,” said Edward Ernstrom, a chiropractor who has lived in the community for 10 years. “They didn’t give us a whole lot of time to mobilize.”

Ernstrom says that many of his neighbors may struggle to afford another home in town.

There’s people there that don’t have an exit plan,” said Ernstrom. “That was the living style they could afford.”

Ernstrom also said that while community residents understood that something like this might happen because they don’t own the land under their homes, he wants to see some form of compensation to help residents relocate.

As situations like the one in Chesterfield continue to play out around the country, leaders in the manufactured housing industry provided MHProNews their take.

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Jay Hamilton, credit, MHProNews.

As communities become surrounded and engulfed by restaurants, Hilton Hotels, stadiums, big box stores, airports, residential and commercial developments,” Jay Hamilton, Georgia Manufactured Housing Associations’ executive director told MHProNews, “property taxes begin exceeding the total revenue from renting spaces.”

The struggle over community owner’s property rights vs. land-lease community resident rights continues. Equity LifeStyle Communities Chairman Sam Zell’s view, published exclusively on MHProNews on that topic, are linked here.

In commenting on such cases, ROC USA President Paul Bradley told MHProNews,  “How can we promote homeownership and sell new homes on leased land and at the same time close communities? It’s like selling tickets to a zoo where ‘only 1 in a 100 are eaten by the lions!’”

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Paul Bradley. photo credit: Fosters.

Bradley believes that the community sector should identify those communities that may be subject to closure and redevelopment, and differentiate them between those land-lease locations that have no plans to be anything but a manufactured home community. See his statement, linked here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, for Daily Business News, MHProNews.

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

Home Sales and Indications Continue to Rise

April 11th, 2013 Comments off

CNNMoney tells MHProNews evidence strongly suggests the real estate nightmare is coming to an end, as, according to data provider CoreLogic, home prices over the past year rose in 92 of the 100 largest real estate markets. Sales volume increased in 69 of the top 100 markets and 35 showed double-digit gains. Mark Fleming, CoreLogic’s chief economist, says the market is still healing, and these next two years will be transition years. The median time for a home on the market has fallen in the last year from 99 days to 71 days, and in some markets bidding wars have returned. Real estate broker Redfin says 73 percent of the offers their clients made were up against rival bidders in Jan. and Feb. this year, versus 56 percent 1.5 years ago. Some markets experiencing a surge in sales are investor driven, and may fall back.

(Image credit: HousingWire)

Half of Renters Want to Buy

March 12th, 2013 Comments off

HousingWire informs MHProNews, as the inventory of available homes continues to drop—Capital Economics says there are only 2.7 million units on the market, the sixth lowest in 30 years– homebuilders are patiently waiting for renters to transition into buyers. According to a survey by Opinion Research Corp. on behalf of Premier Property Management Group, 80 percent of renters are pleased with management, and in the case of single-family renters, are achieving some of the characteristics of home ownership. The survey also revealed 60 percent of single-family renters and 44 percent of apartment dwellers intend to buy within the next five years. Builders, in anticipation of future homes, are buying land, particularly in markets where credit is more readily available.

(Image credit: rent-direct)

Last FEMA Home Departs New Orleans

February 17th, 2012 Comments off

The Federal Emergency Management Agency (FEMA) reports the last Katrina manufactured home has left New Orleans. “Another page has turned in New Orleans’ post-Katrina history,” New Orleans Mayor Mitch Landrieu said in a news release. “At the end of the day, FEMA trailers were never meant to be permanent housing units, so I’m glad that our code enforcement efforts coupled with FEMA case work has helped individuals transition to permanent housing.” He says the city has moved 230 of the units out during the past 14 months. RVBusiness tells MHProNews.com the housing units were sited in communities, on public and private property, and industrial sites all across the city in what FEMA calls “the largest housing operation in the history of the country.” Over 900,000 people received aid as FEMA moved 92,000 families into temporary homes across the state in response to hurricanes Rita and Katrina at a cost of $5.8 billion for housing assistance and repairs, including rent, replacement homes, clothing, furniture, and vehicles.

(Photo credit: Wikipedia–FEMA home in New Orleans)