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Sunday Morning Weekly Recap Manufactured Housing Industry News August 13th to August 20th, 2017

August 20th, 2017 Comments off
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Week of Aug 13 to Aug 20, 2017.

Our new August issueOur theme for this month: Awful, Awesome August 2017 in MHVille

featured articles will be available on the MHProNews.com home page. Our May theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living 

Rising Renters Nation, Pew Research, Overlooked Affordable Home Ownership 

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Steve Bannon, President Donald Trump, Salon.

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Paul Bradley, left, L. A. ‘Tony’ Kovach, right – still from an Inside MH video interview.

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Images on MHProNews are routinely used under fair use guidlines, as is the case with the images in the collage above.

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Warren Buffett, CEO of Berkshire Hathaway Inc. Credits, Linkedin, MHProNews

 

 

MHC Residents Triumph With Co-Op and Purchase

February 6th, 2017 Comments off
MHCResidentsTriumphWithCoOpandPurchasecreditCoOperativeNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Polly Ann Park community. Credit: Co-Operative News.

For manufactured home community residents in Dover Point, New Hampshire, Christmas came early.

According to Co-Operative News, those residents created the Dover Point Cooperative, elected a board, and engaged the Resident Owned Communities team (ROC) at the New Hampshire Community Loan Fund (NHCLF) to guide them through the $3.125 million purchase of Polly Ann Park.

 

The co-op signed the deal for the community right before Christmas, and became owners.

The journey began last February when Polly Ann Park residents received a letter from the owners at the time, Frank and Ann Torr.

The couple wanted to sell the community. And they were very keen on the residents buying it.

As Daily Business News readers are aware, New Hampshire laws on manufactured home communities are some of the strictest in the nation, and require residents be given the first opportunity to buy.

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The location of Polly Ann Park in Dover, New Hampshire, marked with red indicator. Credit: Google.

With the Torrs’ wanting the community to go to the residents, they approached NHCLF about making the sale to the residents before telling the residents.

We can’t thank Frank and Ann Torr enough for coming to us about buying the park [sic],” said Steve Sheehan, community resident and the first president of the co-op’s charter board.

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Credit: New England Real Estate Journal.

When we started this process, my wife and I told everyone we would have a cookout when we had a signed purchase and sales agreement.

Sheehan also shared that the process of getting to the point of ownership was challenging, yet rewarding.

This was a nine-month process with a lot of ups and downs,” said Sheehan.

Knowing that our future is secure is a great feeling. Once we renovate the garage into our meeting hall, we are going to have another celebration for the community.

With the standards set by New Hampshire, the state encourages these transitions, which are becoming the rule as opposed to the exception: 120 other manufactured home communities have converted from private ownership to a member-owned co-op, which represents 22 percent of the total communities in the state.

For Steve Sheehan, and the residents at Polly Ann Park, they are grateful for what the state, and others have done.

I know I can speak for everyone on the board in saying we couldn’t thank ROC and the Community Loan Fund enough for all their work and guidance throughout this process. We couldn’t have done this without them,” said Sheehan.

For more on New Hampshire resident owned communities, including the case of Lakemont Cooperative-owned Briarcrest Estates potential sale to Hometown America, click here. ##

(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.