COBA7, MHARR & MHI in 2015, 2016 & beyond…

Blog # 379 Copyright 2015 COBA7® @ 27 December 2015: community-investor.com

Perspective. ‘Land-lease-lifestyle communities, a.k.a. manufactured home communities and ‘mobile home parks’, comprise the real estate component of manufactured housing.

This blog posting is the national advocacy voice, official ombudsman (press), research reporter, & online communication media for all LLLCommunities in North America!

To input this blog &/or affiliate with Community Owners (7 Part) Business Alliance®, a.k.a. COBA7®, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764

COBA7® Motto = ‘U Support US & WE Serve U!’, & Goal of its’ print/online media = to ‘Not only inform & opine, but transform & improve MHBusiness Model Performance’

PREVIEW.

Part I = ‘Outmaneuvered’; ‘FHFA & GSEs listen & respond’; ‘Get your ALLEN REPORT!’; &, ‘COBA7 affiliates encouraged to join MHI’s NCC division in 2016’!

Part II = ‘The Cobra, Mharrio, & Mhikki Scorecard for 2015, 2016 & Beyond…’

Part III = ‘The Question’ No One, I’ve heard or read, addresses in public or print!

I

As 2015 Draws to a Close…

• “Although some riders in the areas of environmental policy, oil exports, changes to the Visa Waiver Program, and tax credits were attached to the must – pass (a.k.a. omnibus appropriation) spending bill, policy riders to reform the Dodd-Frank Act (i.e. ‘Preserving Access to Manufactured Housing legislation’) were not included.” – in the “$1.15 trillion spending deal to fund the federal government through Fiscal Year 2016 and avoid a government shutdown.” This quoted, (With addition of two parenthetical remarks. GFA) from MHI’s WEEK IN REVIEW dated 18 December 2015. For more information, phone (703) 558-0400. Editorial comment. Given that affordable manufactured housing was the victim, once again, of covert political gamesmanship (Or, ‘call it what you will’), perhaps the time has arrived for MHIndustry leaders negotiate with our opponents. Anyone listening? Let’s hope so!

• “The Federal Housing Finance Agency (‘FHFA’) is inviting comments on whether the final rule should authorize Duty to Serve Credit for purchase of qualified chattel loans…(&)… proposed rule lays out a clear requirement for GSE’s to purchase real property manufactured homes. It also requires GSEs to undertake regulatory activities related to purchasing blanket loans on the following types of manufactured housing communities: (1) small communities with 150 rental sites or fewer (This sensitivity a direct result of Fannie Mae, Freddie Mac, & FHFA actively participating in the 24th annual International Networking Roundtable, in San Diego, September 2015), (2) communities owned by their residents (‘Think ROC USA’), (3) non-profits or governmental agencies, and (4) communities where tenants’ site leases include certain tenant protections.” This quoted, again with addition of two parenthetical remarks, from MHI’s WEEK IN REVIEW dated 18 December 2015. For more information, phone Michael Price via (202) 649-3134. Editorial comment. Given FHFA & GSEs, for the first time since 2009, are clearly listening and responding to the manufactured housing industry and land-lease-lifestyle community owners/operators nationwide, take this opportunity to read and respond to proposed Duty to Serve rule, before the March 2016 deadline. More on this subject to come, in future blog postings here…

• This is your last opportunity to ensure receipt of the 27th annual ALLEN REPORT (a.k.a. ‘Who’s Who Among LLLCommunity Portfolio Owners/operators Throughout North America!’), when distributed during January 2016. Only those LLLCommunity owners/operators who submitted completely filled-in ALLEN REPORT questionnaires this past Fall, and those affiliated with COBA7® at the Option II or III level, will automatically receive this valuable benchmarking document! As announced earlier, this is the Biggest & Best edition researched and published during the past 27 years! How so? The number of portfolio owners/operators has grown from 25 in 1988, to 500+/- today, via four distinct waves of consolidation. And if you’re a bona fide ‘player’ (i.e. real estate investor) in this unique, income-producing property type, you’ll want to be among the first to read and study this statistics-filled, trend-identifying, portfolio inventorying Signature Series Resource Document (‘SSRD’) available only from the Community Owners (7 Part) Business Alliance® via Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764. Also, the exclusive and confidential 500+/- name LLLCommunity portfolio data base can be accessed, for a fee, for direct mail campaign purposes. Lenders, would be investors, and vendors do so frequently.

• And finally. Are YOU affiliated with COBA7? If not, you should be! Use aforementioned Official MHIndustry HOTLINE to do so, for $134.95/year (Allen Letter professional journal alone; $544.95/year for newsletter & a dozen SSRDs, including aforementioned ALLEN REPORT. Remember. There’re seven distinct products & services available to YOU as an ‘MHInsider’ (e.g. ongoing statistical research, updated resources & directories, print & online media, superb networking & deal-making opportunities, professional property management training & certification, even national advocacy when need be – i.e. ombudsman (press) & industry historian. Furthermore, are YOU a direct, dues-paying member of MHI’s National Communities Council division? If not, you should be! Why? Because they’re the only one, of three national advocates, representing LLLCommunity political and regulatory interests IN our nation’s capitol. For more information, phone (703) 558-0400 and talk to Mark Bowersox. SUMMARY: Get your LLLCommunity ‘products & services’ from COBA7®, and ‘politicking’ from the NCC! Now, watch to see if MHI”s NCC division reciprocates and encourages YOU to affiliate with COBA7® for all the products & services it does not supply….

II.

Will ‘Cobra, Mharrio & Mhikki’ mix-it-up and or fix-it-up
(MH-wise) during 2016?

Did you even know? There’s a Scorecard, first published on this website in early 2015, that serves as a collective benchmark for MHIndustry & LLLCommunity progress, or lack thereof, by COBA7®, MHARR & MHI, going into year 2016 and beyond? Well, there is, and here’re 11 leading indicators:

• MHI. Will high-priced meeting venue ‘affluence gerrymandering’ continue or change to economical meeting locations; plus, implementation of proxy voting privileges for direct, dues-paying members at all institute & division meetings? And will MHI start reporting same new home shipment #s as IBTS data source?

• MHI’s NCC division. Will ‘Top 50 Owners/operators’ list continue to ignore obvious trend towards mixed-use land-lease-lifestyle community property portfolios, featuring RV sites, or cease imitation of 27 year ALLEN REPORT?

• MHARR. When will it become clear who’s leading this association, famous for regulatory reform? And is their avowed interest in the ‘post production sector’ just that, or something else altogether?

• ULI’s MHCC. Gone! But questions remain: ‘Would manufactured housing benefit from a Think Tank – to explore larger issues?, & ‘If so, who best to fill that role?’ My opinion? A joint effort among COBA7®, MHARR, & MHI.

• COBA7®. Still in transformation. Yes, additional SSRDs published during 2015, plus alliance with Community Buyers Group. But no transition as planned in early 2016. That could occur at anytime, if right person(s) step forward to lead.

• MHEI. ACM® still in limbo. Possibly to go online, while overlooking the obvious: ACM® as midlevel professional PM training/certification; and MHM® – with its’ 1,000 certified owners/operators, as entry level PM training/certification.

• PMN Publishing. Focus during 2016 = preserving legacies of LLLCommunity owners/operators nationwide. First, Bruce Savage’s The First 20 Years, in 2014; now two autobiographies in editing and pre-press stages. Your story ready to tell?.

• MHCongress. 25+ years in Las Vegas is enough! But some fear change.

• NCC’s Leadership Forum. Spring = heavy on education; Fall = heavy on networking. Still no NCC public forum for addressing realty asset class issues…

• Fannie Mae, Freddie Mac, & FHFA = All interested in manufactured housing (finance) & LLLCommunities. What’s changed? Bypassing political & loan origination middlemen who passed on only what they felt best. Now we’re talking!

• Two Days of Plant Tours & Home Sales Seminars = ‘a new Community Series Homes-based regional pilot educational program designed to help small to mid-sized LLLCommunity property owners/operators sell, and seller-finance more new homes on-site to fill vacant rental homesites. Spring of 2016.

III.

The Question

The sober and serious question no national (MHIndustry) advocacy group addresses:

Is Duty to Serve (See Part I, paragraph # 2 of this blog posting) only GOOD for the manufactured housing industry (i.e. Stimulating additional new HUD-Code home shipments & sales!), but BAD for the taxpayer (i.e. Adding yet another entitlement program to the plethora of social welfare $ doles already in place!), or WHAT?

When will we see that multifaceted question asked and parsed in the MHTrade press, let alone by one or more of the MHIndustry’s national advocacy entities?

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