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Posts Tagged ‘affordable Manufactured Housing’

Definition of a Manufactured Home

May 13th, 2013 No comments

Tony,

Recalling the important debate you started about defining “manufactured housing,” here is a very good one from of all places, Utah, which just enrolled this bill as law!

Manufactured home" means a transportable factory built housing unit:

127) constructed on or after June 15, 1976, according to the Federal Home Construction and Safety

128) Standards Act of 1974 (HUD Code), in one or more sections, which, in the traveling mode, is

129) eight body feet or more in width or 40 body feet or more in length, or when erected on site, is

130) 400 or more square feet, and which is built on a permanent chassis and designed to be used as a

131) dwelling with or without a permanent foundation when connected to the required utilities, and

132) includes the plumbing, heating, air-conditioning, and electrical systems.

Attached below is the first few pages of the law for added context. Feel free to spread the word!

Utah State Legislature H.B. 71 US Official News May 11, 2013 Saturday sent by Rob Coldren.pdf

rob-coldren-posted-on-mhmsm(2).jpgRob Coldren|Senior Partner
HK&C Law
200 Sandpointe, 4th Floor | Santa Ana, CA 92707<
Tel.714-432-8700|Fax.714-546-7457
rcoldren@hkclaw.com|www.hkclaw.com

MHARR Presidential Initiative – Status Report

September 28th, 2012 No comments

by Danny D. Ghorbani

As announced last week, MHARR, on September 18, 2012, sent an identical package to both President Obama and Governor Romney.The Association’s communication appealed to them to help revitalize the manufactured housing industry by eliminating discriminatory federal policies and incorporating affordable manufactured housing as a core component of the nation’s housing opportunity and home financing programs, with the objective of challenging the next administration to elevate the status of manufactured housing to that of a co-equal with all other segments of the housing industry.

These communications, which dovetail with ongoing efforts in the U.S. Congress, represent the initial phase of a broader presidential initiative discussed at the MHARR 2012 Spring Meeting.They express in broad terms the prime policy agenda that the Association will pursue to advance the cause of manufactured housing and its consumers in the nation’s capital after the November 2012 election, regardless of which candidate is ultimately elected president.

In order to achieve maximum national exposure for this initiative, MHARR contracted for national distribution of these materials, and the initial response has been quite gratifying.Within the first week after this effort was launched, it had been picked-up by more than 1,000 sources across the United States and was also the subject of several independent news stories.

Furthermore, the success of this effort in generating national interest in the future wellbeing of the manufactured housing industry and its consumers, and the availability of manufactured housing as a resource for affordable home ownership, has been reflected in the number of calls and inquiries that MHARR has received regarding this matter – all of which are being addressed, as appropriate, by MHARR.

With this initiative now successfully launched, the MHARR Board will be in a position to further address the elements of this national policy agenda at its November 2012 meeting, by which time one of these candidates will have been elected the next President of the United States.

This activity also interacts with the launch of a parallel MHARR legal initiative onSeptember 25, 2012,details of which will be provided to you next week.

MHARR Appeals to Obama And Romney For Action

Danny Ghorbani, President, Manufactured Housing Association for Regulatory Reform (MHARR)

Open Letter to CFED regarding Dodd-Frank and its impact on affordable Manufactured Housing

May 24th, 2011 No comments

To: Kathryn Gwatkin Goulding
Cc: CFED Federal Policy

Kathryn,

I am receipt of CFED’s newsletter earlier today in which praises were heaped upon the Dodd-Frank Bill and its related Consumer Financial Protection Bureau. Analysis of the bill by numerous manufactured housing industry financial services consultants have concluded that without modifications, this bill could destroy our industry which is currently only hanging on by a thread anyway.

The Dodd-Frank Bill is far too typical of Congress’ meddling with our system with devastating effects on lower income families. While boasting about protection for consumers, the results of the bill without alteration will be to eliminate the availability to finance home loans lower than $78,000. Since our loans average about $60,000, more than half of our market will be eliminated. Those unable to get loans will be the ones at the lower portion of our client base. I don’t think these wanted Congress to legislate them out of the ability to purchase a home. Rather than promoting the infallibility of the Dodd-Frank Bill, CFED should be rallying to support the changes needed to protect the lowest income home purchasers in our nation. Just because they are low income, they should not be forced out of the ability to purchase a home. As I assume you are aware, our industry is already at the lowest level of shipments since record keeping began in 1961. Unmodified, the Dodd-Frank Bill will most likely destroy any hope for a recovery. The sad thing is that the death of the industry will not result from the Free Enterprise rejection by the market; it will be the result of an ignorant Congress legislating low income consumers out of the ability to borrow the funds necessary to finance their home. Of course, Congress did the same thing to the US light bulb manufacturers so maybe we should have seen it coming.

Please note the comments below in a column written by industry expert and Industry Person of the Year, George Allen. Please join our industry to encourage Congress to make the modifications necessary to preserve the ability of our lowest income homeowners to achieve their goal of homeownership. I appreciate the efforts CFED has taken over the years to protect low income families. Removing their ability to purchase a home will not be to their benefit.

George Allen–
Dodd-Frank Fallout. Geesh! This bill isn’t even law yet, and finance-related businesses are closing, simply to avoid having to put up with the more onerous of its proposed/planned regulations. Already, ‘former employees,’ perhaps even potential borrowers, are paying the price for what, to many of us, appears to be excessive regulatory reach into the financial sector. Here’s the plaint of one blog flogger (i.e., reader) writing to us this past week…
‘Dodd-Frank forced us to close our mortgage company in ___________ , and lay off several employees. Reason? Our capitalization with _______________ (a major bank) as our JV partner, was slightly in excess of $1,000,000. We were not a broker, but a direct lender, using the bank’s money. Under Dodd-Frank, unless you have a ten million dollar capitalization, you get classified as a broker. And as a broker, you have additional disclosures, the required language of which pretty much scares your customers away to a direct lender. So, we are out of business. Multiply that many times, in every community in America. An apt example of ‘the law of unintended consequences,’ as well as job and prosperity killing legislation!’ (lightly edited. GFA)

…the Dodd-Frank bill is maybe the ‘final nail in the coffin of chattel finance,’ where manufactured housing is concerned? Whereas the necessity of added fees will necessitate a minimum manufactured housing loan of $78,000.00, to simply ensure the return of basic and added fees to a chattel lender. And outside certain high-priced local housing markets, how many times do we see manufactured home loans, especially on resale homes, in excess of $78,000.00? # #

Thanks,

Doug Gorman
Home-Mart, Inc.
9516 East Admiral Place
Tulsa, OK 74116
800-364-4663 Toll free
918-835-0500 Office
918-835-8146 Fax
918-250-6867 Home
918-640-1357 Cell
doug@homemart.us
www.homemart.us

Editor’s Note: Please click here to read the CFED document.