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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

Modern Modular Classrooms will Serve VA Schools Well

Modern Modular Classrooms will Serve VA Schools Well

Broad Rock Elementary School in Richmond, Virginia is receiving a 12-classroom modular complex, and E.S.H. Greene Elementary is getting one with nine classrooms, each unit with two bathrooms, interior hallways and enough space to serve meals, as richmond tells MHProNews. Both schools are above 125 percent capacity, and while school officials try...

04 May 2015

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Letter from Rep. Sean Duffy Seeks Info Concerning Manufactured Housing Cont…

Letter from Rep. Sean Duffy Seeks Info Concerning Manufactured Housing Contract

The Manufactured Housing Association for Regulatory Reform (MHARR) has informed MHProNews of a letter sent by Rep. Sean Duffy (R-WI), Chairman of the House Subcommittee on Oversight and Investigations, to Housing and Urban Development (HUD) Director Julian Castro regarding a conflict of interest in the awarding of a contract. A manufactured...

04 May 2015

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Resident-owned Manufactured Home Communities Celebrates 10,000th Homesite

Resident-owned Manufactured Home Communities Celebrates 10,000th Homesite

ROC USA (resident-owned communities) informs MHProNews that with the co-op status of Turnpike Park Cooperative in Westborough, Massachusetts secured, it has now transformed 168 communities representing 10,017 homes in 14 states into resident ownership. Scott Knox, president of Turnpike’s board of directors of the 46 homes which refinanced...

04 May 2015

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Sunday Morning Recap April 27-May 2, 2015

Drew Expands. MH Restrictions may Lift Down Under. School Obtains Modular Classrooms. Legislation Proposed to Dispute False Claims. Support MH Senate Bill. MH the New American Dream? MH Scores in Illinois. Mini Mods In San Francisco. MH Fraud in Arizona. Pending home sales rise. Bad actor charged in Florida. Patrick splits stock. Carefree buys...

03 May 2015

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Disabled Vet gets Eviction Notice from Manufactured Home Community

Disabled Vet gets Eviction Notice from Manufactured Home Community

A disabled veteran in Birch Run, Michigan has evidently received an eviction order from Birchwood Farms manufactured home community (MHC), and has been told he and his wife and three children have 30 days to leave. Although Gordy Harris says he has never been late on his rent, according to what wnemtv5 tells MHProNews, his […]...

02 May 2015

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Shipping Containers becoming Modular Housing north of the Border

Shipping Containers becoming Modular Housing north of the Border

Blocks Modular of Calgary, Alberta Canada are converting steel shipping containers (“seacans”) into hotel suites, affordable housing units, staff accommodations and cottages, according to what globalnews.ca tells MHPronews. “It is narrow, but that’s only one. And you put two or three together with the proper floor plan and it opens it up just like...

01 May 2015

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Dow Erases Yesterday’s Drop; Louisiana Pacific Advances

Dow Erases Yesterday’s Drop; Louisiana Pacific Advances

Facebookers donate $10 million to Nepal quake survivors, Europe’s deflation worries ease, and Tesla will be offering a home battery, ‘Powerwall,” that can save consumers 25 percent in electric bills. The Yahoo Manufactured Housing Composite Value (MHCV) moved down -0.31 percent, to close at 636.8. Tracked manufactured housing stocks c...

01 May 2015

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Market for Single-family 55+ Building Remains Strong

Market for Single-family 55+ Building Remains Strong

The National Association of Home Builders (NAHB) tells MHProNews that builder confidence in the single-family 55+ housing market remains strong in Q1 2015 despite the index edging down one point to 58 from the previous quarter. This marks the fourth consecutive quarter the Housing Market Index (HMI) has been above 50. Any number above 50 […]...

01 May 2015

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Energy Efficiency on the Table at MHI’s Expo in Las Vegas

Energy Efficiency on the Table at MHI’s Expo in Las Vegas

Noting that the technology involved in manufactured housing (MH) has improved greatly over the years, especially since the inception of the federally regulated HUD Code in 1976, Robin Roy, writing for the National Resources Defense Council blog, Switchboard, says MH is poised to continue to play a vital role in affordable housing. This blog was...

01 May 2015

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HAS Hires MacFarlane for New Manufactured Housing Position

HAS Hires MacFarlane for New Manufactured Housing Position

“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” says Stephan Wheeler, managing director and chairman of HAS Capital, LLC. HAS has just appointed Scott MacFarlane to manage the company’s manufactured housing (MH) funding programs and develop their national originations platform, a...

01 May 2015

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New Featured Articles Scheduled to Go-Live by 11 PM May 2

New Featured Articles Scheduled to Go-Live by 11 PM May 2

Due to an extended Inside MH Road Show, the prior week at the MHI Congress and Expo, pending special announcements and other factors, the new Featured Articles (FAs) on MHProNews are scheduled to go live by approximately 11 PM May 2nd. Until then, you’ll find recent articles on MHLivingNews.com, such as:...

01 May 2015

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Featured Articles and Reports - April 2015 Vol. 6 No. 8

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The Language Of Rentals

The Language Of Rentals

by Bill Dahlin, JD Many states, including, for example, California, have statutory schemes where the language of a consumer contract is addressed. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Yes, You Can! - Marketing Your Community the Fair Housing Way

Yes, You Can! - Marketing Your Community the Fair Housing Way

by Nadeen Green, JD One of my blog mentors recently suggested to me that I break from the tradition often followed by those of us who teach fair housing. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Rules for Innovation—Part 2

The Rules for Innovation—Part 2

by Bob Vahsholtz American housing innovation has been on a back burner for a century—except for a short period after WWII. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

MH Image and Education Campaign - Open Letter to the Manufactured and Modu…

MH Image and Education Campaign -  Open Letter to the Manufactured and Modular Home Industry

by John Bostick Exclusive announcement to the industry via MHProNews.com, re: Manufactured and Modular Home (MH) Image and Education Campaign. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Time for The Game Changer in Manufactured Housing Image and Education

Time for The Game Changer in Manufactured Housing Image and Education

by Tom Fath To: Forward Thinking MH Industry Pros and the Game Changers in Our Industry, L.A. “Tony” Kovach and Charles Drake. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Land Lease 55+ Senior Communities Opportunity

Land Lease 55+ Senior Communities Opportunity

by Steve Lefler I recently read a US News and World Report article by Tom Sightings on Yahoo entitled the “Baby Boomers Housing Trends to Watch.” NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Alternate Construction...Who Knows Why?

Alternate Construction...Who Knows Why?

by Ron D'Ambra Recently, there has been some heated and biased discussions on the purpose and theory of the Alternate Construction (AC) Standards per the HUD code 3280.14 when referenced by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

by L. A. 'Tony' Kovach Imagine for the next few moments someone who is a capable buyer that is home shopping. This house hunter is one of millions like him/her looking... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Partners in Progress - Agents for Positive Change - The MH Alliance

Partners in Progress - Agents for Positive Change - The MH Alliance

by L. A. 'Tony' Kovach The past 5 ½ years has been exhilarating as well as humbling. Our Manufactured and Modular Homes (MH) industry has been on a steady 5 year... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Mel and Thelma Fath

A Cup of Coffee with…Mel and Thelma Fath

1) Who, What and Where: (Your name and your formal title at New Durham Estates). Melville (President) and Thelma Fath (Secretary) at New Durham Estates, Manufactured Home Sales and New Durham Hardware. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What's Coming Soon in MH Image and Education!

What's Coming Soon in MH Image and Education!

by L. A. 'Tony' Kovach Videographer Charlie Drake and I have just returned from almost 2 weeks on the road doing the next round of videoing for Inside MH. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Get out from Behind your Desk

Get out from Behind your Desk

by Tim Connor, CSP A recent study said that only 18% of managers know what they are doing or know how to manage effectively – WOW. NSP_READMORE

MANAGEMENT

ZigOn Dieting

ZigOn Dieting

by Zig Ziglar It seems that after decades of diet, exercise, miracle potions and a host of gimmicks, many in the American public has concluded that losing weight, for them, is... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Let purpose be your touchstone

Let purpose be your touchstone

by Tim Connor, CSP Loss of purpose in sales is akin to a loss of faith or patience in your ability to perform consistently, effectively and successfully. NSP_READMORE

SALES

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

10,000th home made secure and affordable…

10,000th home made secure and affordable through resident ownership movement

For Immediate Release May 1, 2015 Contact: Paul Bradley, President, ROC USA, LLC (603) 848-3254 CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states. ROC USA is a nonprofit social venture dedicated to making quality resident ownership of manufactured home communities (aka “mobile home parks”) possible nationwide. It works to provide democratic homeowner organizations with the opportunity, training and financing to purchase and manage their communities. Founding President Paul Bradley said ROC USA strengthens the local ownership of communities with the scaled resources and efficiencies of a national organization, coupled with the regional support of a...

the MHMSM Team 04 May 2015 Corporate Press Releases

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RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

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FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

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Bill Matchneer, Dick Jennison and Ron Th…

Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees

MHProNews  has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard "Dick" Jennison, MHI's current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. - who is also the Midwest Manufactured Housing Federation (MMHF) Chairman - will speak on financing and MH growth related topics, rounding out what promises to be a faced paced opening hour to the seminars on Wednesday morning. The doors will open at 8:15 AM on Wednesday at the seminar room so MH Industry professionals can network with peers and colleagues. The session featuring these three industry leaders will begin at 8:45 AM sharp. They will be introduced by one or more of the executive...

the MHMSM Team 12 Jan 2015 Corporate Press Releases

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Fairmont residents purchase community

Fairmont residents purchase community

Download pdf Fairmont residents purchase community

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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Tunica manufactured home show 2015 updat…

Tunica manufactured home show 2015 update

Introducing… A Phoenix Rises Is widely considered the “premiere” show of the year… Is a unique show that totally sets it apart from all others… Is so distinctive that retailers will never see the same product at other shows… Is such an inclusive show for the south east region that it has appeal for virtually everyone who attends… Encompasses all levels of affordability, from HUD homes to spectacular system-built housing… One would have to be awfully shortsighted to fail to see that our show could present an enormous marketing opportunity. And one would have to look far and wide to find another event with the pizzazz, panache, and prestige of such a show. That’s because it doesn’t exist. But this one does. You already know it. It’s called The Tunica Manufactured Housing Show. This show possesses every one...

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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