While a strong relationship with a residents' association can benefit the successful operation of any manufactured housing community (an "MHC"), in certain states, understanding residents' and resident associations' statutory...more
More Americans than ever are priced out of the housing market and President Biden has outlined steps his administration is taking to increase development of affordable housing. In the 2024 Economic Report of the...more
Editor's Note: The following newsletter provides a roundup summarizing enforcement actions, guidance, rulemakings, and other public statements taken by a federal and/or state financial services regulatory agency, specifically...more
Over the past several years, modular construction has been on the rise and this method of construction has been used in the creation of health care facilities, education facilities, and apartment buildings. With the increased...more
In Circular 26-23-06, the U.S. Department of Veterans Affairs (VA) announced reduced funding fees for purchase, construction and cash-out refinance loans guaranteed by the VA that are closed on or after April 7, 2023. ...more
Mobile home, Manufactured Building, Manufactured Home, Premanufactured Home, Single-Wide, Double-Wide, Trailer; these are all words we tend to use to describe the semi-permanent, transportable, economical structures that many...more
The U.S. Department of Housing and Urban Development (HUD) Code, the federal building code regulating the manufacture, installation, and overall safety standards of manufactured homes, is about to undergo another major...more
In This Issue. The Consumer Financial Protection Bureau (CFPB) announced a new initiative focused on financial issues faced by rural communities and also updated its examination procedures to cover unfair discrimination; the...more
The United States Department of Energy (“DOE”) is publishing a Supplemental Notice of Proposed Rulemaking (“SNOPR”) that would establish energy conservation standards for manufactured housing. DOE describes the SNOPR as...more
In a landmark ruling last week, the California Court of Appeal held that park owners and residents in coastal manufactured housing communities must obtain permits from the California Coastal Commission (CCC), as well as from...more
On February 9, 2021, HF442 was introduced in the Iowa House. This bill would negatively impact landlords of manufactured housing communities by adding numerous prejudicial changes for landlords into Iowa law....more
Several industry updates that affect manufactured housing either take effect October 1, 2020, or will be unveiled sometime later this month. Detailed below is a summary of recent developments....more
On February 12, 2020, Iowa lawmakers introduced bills in both the Iowa House and Senate (HF 2351 and SF 2238) that would negatively impact landlords of manufactured housing communities. The content of the two bills is the...more
The first “funnel” is now over for the 2020 legislative session. This means if a House bill did not advance out of a full House committee, or a Senate bill did not advance out of a full Senate committee, by the first funnel...more
House File 2351 and Senate File 2238 would negatively impact landlords of manufactured housing communities. Below is a brief summary landlords can use to familiarize themselves with the proposed provisions. Division I -...more
On January 30, 2020, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the release of a proposed rule to amend the Federal Manufactured Home Construction and Safety Standards. Secretary...more
Landlords who want to make changes to the rules and regulations in their manufactured housing communities need to be aware of the notice rules in Iowa Code § 562B.19. General Notice Period for Rule Changes - Generally...more
During testimony before the United States Senate, Department of Housing and Urban Development (HUD) Secretary Ben Carson stated his belief that manufactured housing plays a “vital role in meeting the nation’s affordable...more
Effective July 14, 2019, the State of New York greatly expanded tenant protections with a large package of bills covering topics ranging from rent control to eviction restrictions to rent-to-own contracts for manufactured...more
Effective July 1, 2019, Georgia House Bill 212 will affirmatively exempt retailers or retail brokers of manufactured or mobile homes from the state’s “mortgage broker” definition under Ga. Code Ann. § 7-1-1000. The bill...more
Minnesota has revised its Residential Mortgage Originator and Servicer Licensing Act to provide an exemption from residential mortgage originator licensure requirements for a "manufactured home dealer" and "manufactured home...more
The 2019 Iowa legislative session came to a close on April 27, 2019, resulting in a handful of new laws directly affecting Iowa residential landlords. Below is a summary of those new laws, along with commentary on a few...more
On April 23, 2019, the Governor signed HF701 into law, which expressly mandates the continuance of lawful preexisting nonconforming uses as it relates to the replacement of manufactured, modular, and mobile homes under...more
The Arkansas State Legislature modified the Fair Mortgage Lending Act in February to “comply with recent developments in Federal Law and other purposes.” Federal law was recently amended to allow for Temporary Mortgage Loan...more
HSB 100/SSB 1141 was recently introduced to protect the property rights of real estate owners, including manufactured housing communities. Specifically, this bill prohibits a city or county from enforcing any ordinance or...more