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Search Results - MHProNews

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Showing 1 to 13 of 13 Articles matching 'MHProNews' in related articles.
Pages: 1

1. $30,000,000 in Financing for Manufactured Home Communities by Award Winning Security Mortgage Group
February 12, 2017

Rochester, NY - Security Mortgage Group, a national award-winning Manufactured Home Community lending broker, has provided $30,000,000 in financing for several manufactured home communities nationwide in January 2017. In a release to MHProNews, Managing Director, Gerard D. DiMarco, Jr., announced their firm secured financing for a repeat client’s 290-site manufactured home community in Houston, TX with a non-recourse, long-term fixed rate loan of $8,287,000. Anthony J. DiMarco, the other Managing Director, helped negotiate acquisition financing for a repeat client’s purchase of two m... (read more)

Author: John Doe

2. 'Crime, Trouble and Trailer Parks?' Studies Suggest Perceptions Drive Public Policy for Manufacture
October 12, 2016

Lakeland, Florida - Modern manufactured homes are widely thought to be a significant factor in solving the affordable housing crisis, yet developers who seek approval for new communities are facing growing opposition from local governments and community activists who say they don't want "those homes" and "those people" in their neighborhoods. "I found no evidence that these communities are bastions of crime and disorder." -- William P. McCarty, University of Illinois at Chicago For some 23 million Americans who live in manufactured homes -- from low- and middle-income families, to fr... (read more)

Author: John Doe

3. George Washington University, SBA Blast Proposed DOE Energy Rule for Manufactured Homes
October 05, 2016

Washington, DC - An arm of the U.S. Small Business Administration (SBA) and policy analysts at George Washington University have weighed in on a controversial proposal by the U.S. Department of Energy (DOE). The new rule would require energy efficiency standards that exceed those already set by the U.S. Department of Housing and Urban Development for manufactured homes and energy standards for site-built homes in most states. Written comments to DOE by both organizations echo the sustained and vigorous objections of the Manufactured Housing Association for Regulatory Reform (MHARR), ... (read more)

Author: John Doe

4. Urban Institute Report - Manufactured Homes, Preserving Existing Stock are Affordable Housing Crisi
September 17, 2016

Lakeland, Florida - Preservation of housing stock tends to be a more affordable option than new conventional construction, even if it might not be as “sexy,” according to a new Urban Institute report. With over 2 million low-income rental units lost in the past decade and affordable housing options shrinking by the day, researchers at the Urban Institute have laid out a handful of ways to address what has become a national crisis. Stagnant wages for many Americans, coupled with a recession have increased demand for affordable housing, while gentrification, deterioration and loss of s... (read more)

Author: John Doe

5. House Hunters Find Cool Deals in Hot Markets
September 03, 2016

Lakeland, FL - The average price of a single family home in Washington State's Semiahmoo Peninsula is $1.6 million. The cheapest option for a 1300-square-foot townhouse there is $399,000; and a condo will set you back more than $350,000. What's a prospective home owner looking for a more frugal but still appealing option to do if they want to live in one of the hottest real estate markets in the nation? For one lucky homeowner, the answer was a cozy manufactured home with all the comforts: stainless steel appliances, open floor plan, and pool access -- all within a few minutes of ... (read more)

Author: John Doe

6. A Consumer's Guide to Financing Manufactured, Modular and Mobile Homes
August 10, 2016

Lakeland, Florida – More and more consumers, looking for a quick, affordable path to home ownership, are discovering the benefits of factory-built homes. Falling in love with the carefree lifestyle, the energy savings or the visual appeal and livability of these modern durable dwellings is easy – figuring how to buy one seems to be the challenge for some. Recent federal regulations implemented in the wake of the housing melt-down have made it more difficult to get information, effectively silencing the people who know the most about factory-built homes and how to finance them: ... (read more)

Author: John Doe

7. New Law Opens Door to Home Ownership With Section 8 Vouchers for Manufactured Housing
July 27, 2016

Washington, DC - In a rare act of swift, bi-partisan consensus, the U.S. Congress has taken the task of housing assistance into the 21st century with the passage of the Housing Opportunity through Modernization Act (HOTMA). The Senate on Thursday fast-tracked unanimous passage of HR 3700 following a remarkable House vote of 427-0 in February. The popular bill, which President Obama is expected to sign into law, makes significant changes to the Section 8 federal housing assistance program, streamlining the process of sheltering homeless families and individuals, families with veterans... (read more)

Author: John Doe

8. Manufactured Housing Institute Under Fire For Failing Mission, Legislative Agenda
June 30, 2016

Arlington, VA – The Manufactured Housing Institute, the industry’s largest trade group, has been excoriated in an unprecedented op-ed by a member of one of its boards and publisher of the industry’s leading professional trade publication. “The known facts suggest that, for whatever reasons or motives, MHI has missed numerous opportunities to expand manufactured housing home-only and land/home lending. The impact on the factory-built housing industry in terms of lost sales could be in the billions of dollars annually,” L.A. “Tony” Kovach writes in the latest edition of MHProNews. ... (read more)

Author: John Doe

9. Washington Testimony Reveals Need to Re-Visit Media Reporting on Dodd-Frank Manufactured Home Lendi
June 23, 2016

Washington, DC - For the past year or so, various media outlets have framed unflattering stories about manufactured housing around the premise that the industry's lending practices unfairly gouge people of modest means, and that Dodd-Frank regulations have failed to protect them. But during that time, in a parallel universe, lawmakers and regulators have engaged in earnest discussions that support an entirely different conclusion: The misguided implementation of this well-meaning legislation is hurting buyers, sellers and lenders in the critical manufactured home market, which HUD Secre... (read more)

Author: John Doe

10. (Pssst!) Wanna Save $100,000 on a Custom Home? Tennessee Couple Says, "Yes," to Modern High-Tech Op
May 29, 2016

Paris, Tennessee - When it came time to retire in this modest town perched near the Kentucky state line, Jerry and Karen McKibben put their professional career experiences to work finding the perfect home to fit their needs. He was an engineer, and she was a customer-focused inside sales rep. They had lived in all kinds of houses over the years, from conventional site-built abodes to a 20th century-style trailer house that was already on the land they bought in rural Tennessee. But as it turned out, Tennessee's little Paris, with its scaled-down replica of the Eiffel Tower and its cl... (read more)

Author: John Doe

11. Millions Who Buy, Sell, Own and Produce Manufactured Homes Impacted by Dodd Frank
May 27, 2016

Lakeland, FL - Twice each year the Consumer Finance Protection Bureau (CFPB) prepares a report on the state of the agency and its work on behalf of consumers. And twice in the past year, CFPB Director Richard Cordray has faced questions by Congressional oversight committees regarding agency rules that block the path to affordable home ownership for consumers of modest means. In a previous discussion with Senator Bob Corker, Cordray acknowledged there were areas of concern that the agency would reconsider. "Numbers of these people are unable to be served, and they're ending up pa... (read more)

Author: John Doe

12. Noise, Smoke and the Truth About Manufactured Homes and Loans
February 23, 2016

Lakeland, FL - In the fog of partisan media wars, it is hard to sift through the noise and smoke to discern the objective truth. This is the case with affordable housing, an issue that is -- and should be -- nonpartisan, but has become muddled by special interest groups that have managed to use the media to promote personal agendas diametrically opposed to the public interest. The result is distraction from the real issues, and confusion on the part of Congress and policy-makers. Those who pay the highest price are the very people these entities are charged with protecting... (read more)

Author: John Doe

13. Story Paints Clayton's Manufactured Housing Empire with Deception
January 07, 2016

Lakeland, FL - Take one famously folksy billionaire, add a pinch of cherry-picked stats, stir well with a cast of wronged Native American, black and Hispanic homebuyers and you have the latest tag-team assault on the Warren Buffett manufactured home empire. What could be more clickable holiday fare than the new installment in a yearlong campaign by two reporters who have pretty much made a career of throwing dirt at one of the richest men on Earth? How about a tale of bilking poor minorities out of billions of dollars amid an atmosphere so steeped in racism it makes kindly Uncl... (read more)

Author: John Doe

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