Four Announcements & Several Pithy Thoughts

Blog # 265 Copyright 2013 29 September 2013

Perspective. “land lease lifestyle communities, a.k.a. manufactured home communities & earlier, ‘mobile home parks’, are the real estate component of manufactured housing.’

Purpose of this blog. ‘To be a national Advocacy voice, statistical Research reporter, & communications Resource for LLLCommunities, of all sizes, throughout North America!

Opportunities to respond. ‘Critiques, reactions, & suggestions for future blog coverage: gfa7156@aol.com or Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.’

Four Announcements & Several Pithy Thoughts…

I.

25th Anniversary ALLEN REPORT questionnaire deadline is 30 September
500 land lease lifestyle community (a.k.a. manufactured home community) portfolio owners/operators have been surveyed! FAX completed questionnaire to (317) 346-7158. The 25th AR debuts 1/1/2014 in the Allen Letter professional journal. Subscribe via the MHIndustry HOTLINE above.

II.

‘First public discussion to plan a Private Equity Fund, geared to support LLLCommunity owners purchasing new and resale manufactured homes, was held 19 September, at the Networking Roundtable in Bloomingdale, IL. More than 50 participated & 20 completed a survey gauging their interest.’ Contact: mnainvestments@comcast.net and garykenner@msn.com

III.

Susan McCarty & George Allen announce Community-Investor’s ‘not so quiet role anymore’, as Buyer Consultant Representative, for qualified and motivated investors, intent on acquiring one or more land lease lifestyle communities (a.k.a. LLLCommunities). Phone (317) 889-6465 &/or smc4464@sbcglobal.net This, a special, quiet, personal service for 20 years!

IV.

‘Champion Home Builders opens second plant in Lake City, FL., to Meet Growing Demand’ for HUD – Code homes! The Redman brand “…Riverview series (of home designs)… will target homebuyers seeking cost – effective housing options in manufactured home communities.” See these and other Community Series Home models, on display, at the upcoming SECO event, 8-10 October. Contact spencer@roane.com for details. This 100% LLLCommunity owner planned & hosted regional show has become the ‘must attend’ manufactured housing venue of Fall 2013!

V.

‘NEW ERA for land lease lifestyle communities (to be) characterized by national political & regulatory advocacy, statistical research reporting, timely print & online communication, monthly distribution of 12 helpful resources, superb peer networking & realty deal – making opportunities, as well as professional property management training & certification, for communities of all sizes, nationwide!’ Read of progress here, following MHI’s National Communities Council meetings on 9/30 & 10/16 – 18/2013.

VI.

From MHARR’s Washington Update, 23 September. “Vanderbilt – GNMA Sole Source Contract to Service FHA Title I Manufactured Housing Loans Raises Questions & Concerns”…

”…GNMA was willing to take ‘a second look’ at the ’10-10’ criteria and potentially revise downward, based on more recent loan performance information; and had specifically requested such information from industry finance companies and their Washington, D.C. representation in 2010, but received no response. While it’s positive the MHIndustry has a qualified lender (Vanderbilt) under the existing rules, the disproportionate influence of it, and other lender(s?) shaping the industry’s consumer finance policies in Washington, D.C., should be a concern for the entire industry.” (Lightly edited. GFA) There’s much more to this story. Phone (202) 783-4087.

VII.

Did you know? ‘Expensive national meeting venues ensure the most financially successful businessmen and women, and high – salaried executives, retain continued primary control regarding which trade advocacy matters are addressed, and how and by whom.’ That truism played out recently, when a grassroots member of one national advocacy body recommended New Business items for a national meeting agenda, and was told they had to be pre – approved by the division’s chairman. Hmm. Makes one wonder whether a bevy of proxy votes will be accepted or rejected next time there’s a national election of officers? Guess we’ll soon see….

***

George Allen, CPM & MHM
Box # 47024, Indpls, IN. 46247.

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