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Administration Announces New Financing Program for Housing Agencies
On Monday, the Obama administration unveiled a new program to support state and local housing finance agencies (HFAs). The plan will help the agencies finance mortgages for first-time homebuyers and develop rental housing. This announcement follows upon the intent to support HFAs first outlined in February under the Homeowner Affordability and Stability Plan. The Administration's initiative has two parts: a new bond purchase program to support new lending by state and local housing finance agencies, and a temporary credit and liquidity program to improve the access of HFAs to liquidity for outstanding HFA bonds.

State and local housing finance agencies have the authority to finance and administer a number of programs in order to develop and preserve affordable housing for low- to moderate-income households. Manufactured housing is an integral part in meeting the demand for affordable housing, and is an eligible activity for housing finance agencies to be involved with. MHI encourages its members to work closely with state and local housing finance agencies as they can be an important source of financing.

Source: MHI Newswire

Daily Business News Briefs

“The Tesla of Housing” Claims Dutch Architect Knijtijzer

“The Tesla of Housing” Claims Dutch Architect Knijtijzer

Dutch architect Jurrian Knijtijzer has developed a stackable and addable, modular building system for homes, offices, clinics or schools that is also 95 percent recyclable. Made of sustainable lumber from a tree farm—his company, Finch Buildings, plants a tree for every one they cut down–builds the 13 ft. X 33 ft. modules that can be [...

24 May 2016

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Modular Apartment Builder Seeks Replacement for Keiser

Modular Apartment Builder Seeks Replacement for Keiser

The fallout continues from the bankruptcy of Innovative Building Systems, as MHProNews last reported May 7, 2016, closing Keiser Homes, leaving the developers of 82 High Street in Farmington, ME, a nonprofit affordable housing complex, to find a replacement builder. The complex’s board of directors will review proposals from three other...

23 May 2016

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Patrick Completes Acquisition of Cana Holdings

Patrick Completes Acquisition of Cana Holdings

MHProNews has learned from streetinsider that Patrick Industries, Inc. has completed its acquisition of Cana Holdings, Inc., with its two facilities, one in Americus, Georgia and one in Elkhart, Indiana where Patrick is headquartered. Cana produces custom cabinetry, primarily supplying the manufactured housing industry as well as the residential,...

23 May 2016

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MHCV Edges Up, Third Avenue Value Gains +0.86%, Major Indices Slip

MHCV Edges Up, Third Avenue Value Gains +0.86%, Major Indices Slip

In the news from CNNMoney: Monsanto gains 4.4 percent after Bayer’s 62 billion bid. 1,600 fake credit cards results in $13 million fraud in South Africa. General Electric hiring 2,000 in Saudi Arabia, doubling their workforce there, helping Saudi Arabia diversify. IBM has 20,000 job openings. Venezuela is running out of sugar. If the U....

23 May 2016

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Inventory of New Homes Continues Falling

Inventory of New Homes Continues Falling

As nationalmortgagenews informs MHProNews, new home listings fell in April 1.1 percent, says real estate brokerage Redfin, the first year-over-year loss since Aug. 2014. Noting the steepest declines were in the Northeast, Redfin says nearly two-thirds of the markets it follows had fewer listings during the month than a year ago. Listings in...

23 May 2016

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Manufactured Home Community in New York set to Close

Manufactured Home Community in New York set to Close

Everett and Regina Saunders, the owners of the Amberlite Mobile Home Park in Bloomingburg, New York, about 80 miles northwest of New York City, have sent a letter dated March 29 to the residents that the community will be sold July 29 for $960,000 to Amberlite LLC, and the new owner intends to repurpose the […]...

23 May 2016

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Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016

Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016

What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News MH Community adding 46 homes. Malibu manufactured home goes for $3.5 million. Oregon MHC sets new record. Oklahoma City has first mod...

22 May 2016

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Attempt to Block Funding of Federal Housing Program Fails

Attempt to Block Funding of Federal Housing Program Fails

In an attempt to encourage communities to be more diverse, the Obama administration is tying federal community grants to the demographic make-up of communities, according to what washingtonexaminer is telling MHProNews. An amendment from Sen. Mike Lee (R-UT) would have defunded President Obama’s “The Affirmatively Furthering Fair Housing R...

21 May 2016

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Forty-six Homes to be Added to El Jebel Mobile Home Park in Colorado

Forty-six Homes to be Added to El Jebel Mobile Home Park in Colorado

The Roaring Fork Valley Regional Planning Commission has approved a proposal for El Jebel Mobile Home Park in Eagle County, Colorado to add 46 modular homes to the 298 existing units in the community. A worker enclave for five decades, the Crawford family has contributed affordable housing to the area beginning with workers who built […]...

20 May 2016

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Patrick, Carlyle, Affiliated Managers Show Strong Gains in Today’s Session

Patrick, Carlyle, Affiliated Managers Show Strong Gains in Today’s Session

In the news from CNNMoney: College enrollment is dropping. The Central States Pension Fund will be insolvent in ten years without government money for 407,000 members. Can Egyptian tourism survive another airline disaster. VW gives 120,000 workers a 5 percent raise. British CEOs should take a 50 percent pay cut. Spotify may move from Sweden...

20 May 2016

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Malibu Triple-section Manufactured Home Sets New $$ Record

Malibu Triple-section Manufactured Home Sets New $$ Record

As latimes tells MHProNews, a triple-section manufactured home in Malibu’s Paradise Cove Mobile Home Park sold for $5.3 million, the most ever paid in the area. Listed for sale in March for $5.5 million, it was sold a year ago for $4 million. Pinnacle Estate Properties agent Elizabeth Seaman represented the buyer, but declined to […]...

20 May 2016

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Featured Articles and Reports - May 2016 Vol. 7 No. 8

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Warmly Welcoming Martha Stewart

Warmly Welcoming Martha Stewart

by Nadeen Green, JD Well, my previous post from a view weeks ago was somewhat prescient as later that day Mr. Castro went public with HUD’s position on criminal background checks... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Lending, Regulations, Rentals and MH Communities – Don Gl…

Manufactured Home Lending, Regulations, Rentals and MH Communities – Don Glisson, Jr. - Video

by L. A. 'Tony' Kovach As an interview in this same issue with manufactured home community owner/operator Ed Zeman underscores, the MH Industry has undergone significant changes; often sparked by regulations... NSP_READMORE

FINANCING

Learn how to drive change in your organization and the industry at MHI Cong…

Learn how to drive change in your organization and the industry at MHI Congress & Expo

by Rachel Young Have you ever tried to make a change in your organization, with family or yourself, only to find things quickly reverting to the way it’s always been done? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with...Ed Zeman, Zeman Homes

A Cup of Coffee with...Ed Zeman, Zeman Homes

Who, What and Where: (Your name and your formal title at Zeman Homes and where your company is based). Edward Zeman, Chairman, Zeman Homes, Chicago, IL. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Designs, Décor and Manufactured Housing Advancement

Designs, Décor and Manufactured Housing Advancement

by Katy Weldon Exciting things are happening in manufactured housing.  Everywhere there seems to be enthusiastic energy and the upbeat momentum that comes with positive change. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

We All Need Deadlines plus the Will to March On

We All Need Deadlines plus the Will to March On

by L. A. 'Tony' Kovach Regular readers of my Masthead Blog, featured articles or other posts by moi know you'll often find a good, inspirational or historic quote being applied to... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What do you call it?

What do you call it?

by Tifanee McCall I recently returned from exhibiting at the Tunica Show where I had the opportunity to meet and talk with many of my fellow industry members. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Blowing Away the Outdated Myths for Fun and Profit

Blowing Away the Outdated Myths for Fun and Profit

by L. A. “Tony” Kovach Manufactured housing has powerful truths on its side, but decades of outdated information, biased, slanted (or worse) kinds of media coverage have harmed us. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Challenges to CFPB Constitutionality could Create Financial Havoc?

Challenges to CFPB Constitutionality could Create Financial Havoc?

by Matthew Silver Writing in National Mortgage News, Craig Nazzaro says there are two significant court cases now challenging the authority and structure of the Consumer Financial Protection Bureau (CFPB), both of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Champion Homes Expanding Operations in Kentucky

Champion Homes Expanding Operations in Kentucky

by Matthew Silver Champion Home Builders will invest $6.3 million in a manufacturing plant in Benton, Kentucky, leasing a 100,000 square foot facility and create up to 150 jobs for production... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton Acquires another Site-built Home Builder

Clayton Acquires another Site-built Home Builder

by Matthew Silver MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chat…

MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending

by Matthew Silver On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

“Why is HUD Bent on Destroying the Manufactured Housing On-Site Market?”

“Why is HUD Bent on Destroying the Manufactured Housing On-Site Market?”

by Mark Weiss, JD As has been previously addressed in this column, one of the central reforms of the Manufactured Housing Improvement Act of 2000 was its matching directives to HUD... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Would you buy from you?

Would you buy from you?

by Wayne Coakley Do you have a plan to inspire your staff, sales team, and management to give first class service to your customers? NSP_READMORE

MANAGEMENT

ZigOn Good Guys & Girls

ZigOn Good Guys & Girls

by Zig Ziglar Joe Craven had an idea to start a pottery manufacturing business. He built an advanced kiln but could not make it work. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Are you stuck on your own pedestal?

Are you stuck on your own pedestal?

by Tim Connor, CSP We all have a certain degree of "self-adornment" but the real question is - is our self-made pedestal beyond - humility, wisdom, compassion and the ability to... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Business/Sales Growth Program for Retail…

Business/Sales Growth Program for Retailers and Communities Announced by Sunshine Homes

Sunshine Homes Sales Manager Stan Posey announced that the next round of their popular weekly webinar - Tuesdays with Tony - will begin on Tuesday, June 7th.  To schedule your attendance for Tuesday's With Tony, contact your Sunshine Homes factory's regional manager or Stan Posey at 1-800-462-7847.  ##

Soheyla Kovach 18 May 2016 Corporate Press Releases

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Manufactured Housing Resource Group - MH…

Manufactured Housing Resource Group - MHRE - Announces 2 New Locations

Announcing Our Brand New Locations After 4 years in Detroit, Michigan, MHRE Inc. is expandingto two brand new locations in Orlando, Florida San Diego, California! For the past 4 years, we've been focused on creating an unparalleled nationalplatform consisting of the most comprehensive database and the most advancedmarketing technologies to provide our clientele with the highest level of results. Both the Orlando and San Diego locations will be a great complement to our Detroit location as MHRE Inc.continues to expand its footprint on a national platform. www.mhreinc.com ## 

Soheyla Kovach 11 May 2016 Corporate Press Releases

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Clayton Home Building Group Selects Birm…

Clayton Home Building Group Selects Birmingham for Inaugural Home Show

Subsidiary of Berkshire Hathaway, Inc., brings 300-plus attendees to Birmingham’s Uptown   Birmingham, Ala., (May 10, 2016) – Clayton, a Berkshire Hathaway Company, will host its inaugural Clayton Birmingham Home Show from May 17 – 19, 2016 at the Birmingham-Jefferson Convention Complex. Clayton currently employs 2,142 team members from 10 supply operations and seven home building facilities in Alabama, and in 2015 alone, the company built 5,734 homes in the state. This is the first year that SEhomes, an Addison, Ala., based facility, will host a home show exclusively on behalf of Clayton and anticipates returning the show to Birmingham. Clayton has been an active participant in industry home shows for the past 18 years. “SEhomes is proud to host the Clayton Birmingham Home Show in our home state of Alabama,” said Britt...

Soheyla Kovach 11 May 2016 Corporate Press Releases

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Closed | 852 Sites | Lake Villa | Oxford…

Closed | 852 Sites | Lake Villa | Oxford, Michigan

MHRE Inc. Detroit Location: 12900 Hall Road, Suite 130 Sterling Heights, Michigan 48313 Orlando Location: 1040 Woodcock Rd, Suite 216 Orlando, Florida 32803 San Diego Location: 31890 Via Cordoba Temecula, California 92592

the MHMSM Team 03 May 2016 Corporate Press Releases

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Come “Make a Deal” with CU Factory Built…

Come “Make a Deal” with CU Factory Built Lending and Mountainside Financial at MHI National Congress & Expo

Open your doors of opportunity May 3 to 5 at the annual MHI Congress & Expo by playing Let’s Make a Deal with CU Factory Built Lending and Mountainside Financial. Visit MSF at booth 407 and CUFBL at booth 506 for your opportunity. Whether you’re a retailer, community owner or investor, our innovative programs are designed to meet the needs of your customers. As your credit union partner for manufactured home lending, we are committed to the sustainability of the manufactured housing industry, and the best interest of our members. We value stewardship of our members’ funds, therefore, we are dedicated to ethical lending practices. We look forward to seeing you in Las Vegas. If you have any questions before then, please visit us online at www.cufbl.com andwww.mountainsidefinancial.com. ###

the MHMSM Team 27 Apr 2016 Corporate Press Releases

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