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Re-Examining Manufactured Housing

first_img In an effort to combat a shrinking affordable housing stock, Fannie Mae’s Duty to Serve initiative is developing solutions including manufactured housing, affordable housing preservation, and rural housing. According to Fannie Mae, the initiative is looking at new ways to consider Manufactured Housing Communities (MHCs), as a reliable source of affordable housing for homeowners and renters in suburban and rural locations across the country.According to Jose Villareal, Manager, Multifamily MHC Housing Development at Fannie Mae, the Duty to Serve plan includes new strategies to support non-traditional owners of MHCs.Residents of MHCs make up 80% of Area Median Income (AMI) or less, and with land values rising in many suburban areas, MHCs have begun to consider selling. The problem is, when sold, these MHCs are often converted into traditional apartments, reducing the number of affordable housing options.“The problem worsens in rural areas where MHCs are older and in need of upgrades – reinvestment in the properties that owners are often reluctant to finance,” said Villareal in a statement.“Non-traditional and non-profit ownership structures are a useful option, which allows non-profits to purchase and preserve MHCs and with a stronger incentive to complete necessary repairs in rural communities,” Villareal added.Additionally, Fannie Mae is testing a product enhancement specifically for resident-owned communities, as well as non-profit communities. Part of Fannie Mae’s product enhancements include guaranty fee discount of 7.5 basis points and a servicing fee discount of 7.5 basis points for non-profit owners, including up to $10,000 in reimbursement for third-party reports such as appraisals and environmental assessments.Resident-owned communities, Fannie Mae notes, provide stability other other options cannot, as homeowners have more of an opportunity to better manage and control MHC costs.“Fannie Mae has been a leading source of liquidity for manufactured housing transactions since 2000,” Villareal said. “As part of our Duty to Serve plan, we are continuing to develop new strategies to support manufactured housing communities and the people who live there.” The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Affordability Manufactured Housing Rent Sales 2019-07-02 Seth Welborn  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Affordability Manufactured Housing Rent Sales The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Share Savecenter_img Sign up for DS News Daily Re-Examining Manufactured Housing Previous: The iBuying Impact: Increased Efficiency or Another Housing Bubble? Next: Home Prices Continue Upward Trend Home / Daily Dose / Re-Examining Manufactured Housing The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago July 2, 2019 986 Views Related Articles Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Subscribelast_img read more

Spring Brings Yellow Clouds of Misery

first_img“The pollen count today is in the ‘miserable’ range,” said the host of amorning TV program.Miserable, indeed.Big, yellow clouds of pollen misery coat cars, irritate eyes and aggravate allergies.”We have an explosion of pollen in spring. Then everything will settle backdown,” said Pam Griggs of the Atlanta Allergy Clinic, one of two certified pollencounters in Georgia.”Because we had such a late spring, everything bloomed at once,” Griggs said.”Most trees and grasses are coming out now.”To measure the pollen in the air, the clinic uses a special sampler that raises asilicone-greased rod into the air. After 24 hours the rod is removed and examined under amicroscope to get the pollen count.Atlanta, and most of Georgia, blew through the top of the pollen-count charts on April16. More than 3,400 particles per cubic meter of air were reported in north Georgia.During the first week of April the highest count was 332. And that could cause severeproblems. In the spring, Griggs said, pollen counts of zero to 30 are considered low.Counts of 30-60 are moderate, 60-120 high and anything over 120 extremely high.”We are blessed with trees in Georgia, and pollen is just a part of theirreproduction,” said Carroll County Extension Director Don Morris.”Pollenparticles are the male spores of flowers. Trees depend on wind to distribute the pollenduring flowering.”This simple act of nature causes itchy, watery eyes, sore throats and some respiratoryirritation in allergy sufferers.”Pine pollen, the yellow pollen you see, shows up more but isn’t as much a problemfor allergy sufferers as others like oak pollen,” Morris said.Can you escape the pollen invasion?”This is certainly no time to air out your house,” said Dale Dorman, anExtension housing specialist. “Keep your house closed and turn on the air conditionerfor ventilation.”But just keeping the doors and windows closed may not be enough.”There’s really no effective way to keep pollen out of a house,” Dorman said.”You just have to take steps to reduce it.” Even humidity affects the amount of pollen finding its way inside.”When the relative humidity is low, the dry conditions make pollen float around inthe air,” Dorman said. “Turning on a humidifier will help make thoseparticulates fall out of the air and give you cleaner air inside your home.”Air filters on heating and cooling systems also can help filter out pollen. “It’s just something that we’re going to have to put up with until the first ofJune,” Dorman said.last_img read more

Vestal Public Library holds a weekly park scavenger hunt for kids

first_imgIn partnership with the Town of Vestal Recreation, the library started Book Scavenger at the Park.  Lake also mentioned the scavenger hunt is open to anyone — not just Vestal residents.  Each week the library hides cards with a photo of a book cover at different Vestal parks like the Vestal Center Park.  VESTAL (WBNG) — The Vestal Public Library is doing their part to promote literacy and get kids active during the pandemic. Anna Lake, youth services librarian, says this scavenger helps students get out of their house and get some fresh air.  The scavenger hunt is open for ages two through 12. center_img When a child finds a card they can take it to the library and receive a free copy of that book.  “It promotes literacy, as well,” Lake said. “It does get them into the library but not all at once which is the safest for the paterons and our staff.” Only one book is available per child each week.  For more information on the next location for the scavenger hunt, check out their Facebook page.last_img read more

Burkina Faso sets new date for presidential and legislative elections

first_imgBurkina Faso sets new date for presidential electionsBurkina Faso’s transitional government has set November 29 as the new date for presidential and legislative elections.The country is seeking to get a transition to democracy back on track, in the wake of a failed one-week coup in September.A cabinet meeting fixed the November date for the first round of the elections.A popular uprising overthrew longtime leader Blaise Compaore a year ago. Since then, interim President Michel Kafando has been in power in the West African state.A court in Burkina Faso last week charged a general and a former Foreign minister with crimes including threatening state security and murder, during the the failed coup.Voters will be presented with two ballots – one for choosing members of parliament, the other for choosing among 14 candidates competing in the first round of the presidential election. The government has since beefed up security on main roads.last_img read more

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