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15 March 2024 | 4 replies
It would be quite cumbersome, administratively to have each property in their own LLC for the 10 properties that we have, which would mean filing ten 1065s!
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14 March 2024 | 2 replies
That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.If we want to tackle our housing shortage we need to get serious about it.Here is a quick summary of the HUD changes: HUD Actions for Manufactured Homes and Communities:HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:HUD launches the PRICE Program, a $225 million competitive grant opportunity.The program aims to preserve and revitalize manufactured housing and communities.Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.FHA Draft Policy for Manufactured Home Communities:FHA posts a draft policy to solicit public feedback.The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.Updates to FHA's Title I Manufactured Home Loan Program:HUD announces updates to FHA's Title I Manufactured Home Loan Program.New methodologies for calculating loan limits to align with current market pricing.Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.Annual Recalculation of Title I Loan Program Limits:FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.This ensures that the loan limits remain aligned with market conditions.Ginnie Mae's Title I Loan Securitization Program:Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.HUD's Ongoing Support for Manufactured Housing:These actions build on HUD's continuous efforts to support manufactured housing.Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.Recent Updates to CDBG Notice:HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.
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15 March 2024 | 10 replies
We also have a crime free/drug free addendum as part of our rental agreement that is explained and signed by tenants.
14 March 2024 | 9 replies
Reach out to hospital administration: Contact the administration office of the hospital and inquire about their housing needs.
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14 March 2024 | 23 replies
I had a tenant apply, but he told me he was charged with a felony for drug possession in 2018.
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15 March 2024 | 21 replies
His soon to be exwife and ex stepdaughter reached out to me and sent a video of his stash but my attorney said it wont be any good since it doesnt have a recent timestamp on it or a video that he is using drugs in the unit.
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15 March 2024 | 167 replies
I was told that indpendence is a high crime drug area (this was by someone who lives in the overland park area - friend of a friend - not a real estate person).
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13 March 2024 | 4 replies
We are leaning towards bringing on a hard working administrative assistant to lighten the load and free up more time to focus on more pertinent tasks.Wondering if anyone can give us suggestions on the starting the process of being able to provide/offer health insurance to our employees.
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13 March 2024 | 14 replies
You're typically subject to by the rules and laws of that state, but it streamlines the administrative procedure.2.