Manufactured Housing News

1/9/2019

From January 1, 2019 through December 31, 2019, the security deposit interest rate is set at 0.01% (unchanged since 2015).

For example, if a landlord collects a security deposit for $1,000.00, the landlord will owe $0.10 in interest to the tenant every 12 months.

The Security Deposit Interest Act (765 ILCS 715) requires that the lessor of residential real property, consisting of...

11/8/2018

Housing affordability is a nationwide problem, it’s not limited only to Illinois. Housing policy is complex and rent control is the last thing that should be implemented as housing policy.

At the heart of the affordability issue is the dramatic decline in overall production of housing during the last decade. When the economy shattered in 2008, housing production fell drastically....

6/15/2018

IMHA is thrilled to recognize Saddlebrook Farms of Hometown America its 2018 Land Lease Community of the Year award.

This recognition exemplifies the best of Illinois Manufactured Housing and land-leased communities for their site plans, community amenities, continuous improvement, and relations within and outside the...

5/2/2018

Realizing that factory-built housing provides affordable, attractive and extreme quality housing at a significant savings over site-built housing and helps many families realize the American Dream of home ownership Governor Rauner has issued a proclamation establishing the week of May 12-19 as Factory-Built Housing Week in Illinois.

 

This recognition coincides with the 2018 IMHA...

3/19/2018

The IMHA Board Development Committee has presented its slate of candidates for At-Large Director positions for the coming year. IMHA Members can log in to review the slate of candidates which is posted on the Members Only landing page.

2/1/2018

February 7 is 206th anniversary of major quake in New Madrid Seismic Zone

SPRINGFIELD – Some of the largest earthquakes ever recorded in North America rocked the mostly rural central U.S. between December 1811 and February 1812, including parts of southern Illinois. The strongest earthquakes in this series were estimated to be around magnitude 8.0, and were felt as far away as...

12/12/2017

Affordable housing is in high demand in cities and counties nationwide. Experts say that areas grappling with affordable housing issues may find factory-built homes to be a powerful tool in addressing this need.

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11/14/2017

An excellent industry-based article by Erik Edwards, Nick Bertino, and Tony Petosa at Wells Fargo about interest rates, real estate valuations and the direction of the MHC industry.

Read entire article here

11/13/2017

By George Allen

Providers of single and multifamily residential housing talk about it, some take steps to ameliorate ‘this crisis’; but few set aside personal & corporate preferences to ideate (‘conceptualize’) what it’ll take to actually ‘Solve Our Nation’s Lack of Affordable Housing Crisis!’ What follows here, is a foundation for such discussion, then thoughts as to how factory-...

9/13/2017

In part, due the catastrophic hurricanes in Texas and Florida and Illinois’ own exposure to tornados and other high wind events, the Illinois Manufactured Housing Association (IMHA) offers information about manufactured homes and high wind safety.

Click here