Sensible Innovation for Financing Homes in the Dodd-Frank Era
Property Management
By Anthony Ducharme, Direct Channel Manager, Mountainside Financial, a division of San Antonio Credit Union. mountainsidefinancial.com.
MHCO Article Topics
Legislation
End of Summer Legislative Update
Community Update
The Manufactured Housing Landlord - Tenant Coalition (negotiations) convened again the end of last month (August 2014) to further discuss a number of issues that may potentially be adopted into legislation in 2015. Here is a summary of the latest developments on several key issues.
Summer 2014 Legislative Update
Community Update
Last month the manufactured housing landlord-tenant coalition met to continue discussing issues in preparation for the 2015 Oregon Legislative session. As mentioned earlier, the coalition is a group of manufactured housing community interests - tenant organizations, landlord associations, banking interests, builders - that meet once a month to discuss industry issues.
Phil Querin Q&A: Can Community Owner Insist Resident Use Specific Sales Agent When Selling Home in the Community?
Phil Querin Questions & Answers
Answer: Bad news on both fronts. Let me answer your second question first. You may NOT share in a real estate commission unless you have your own Oregon real estate license. This prohibition against commission sharing even applies between real estate agents and the homeowner they represent. Here is the applicable Oregon Law:
Legislative Update: MHCO Pushes Tax Reform in MH Abandonment
Community Update
Last month the 2014-15 Manufactured Housing Landlord-Tenant Coalition held it's first meeting in preparation for the 2015 Oregon Legislative Session. The coalition" meets once a month to discuss issues impacting manufactured home communities and has drafted legislation for each of the past Oregon Legislative session since the mid 1990's.
MHCO's 2014-15 Legislative "Wish List"
Community Update
This week the Manufactured Home Community Landlord-Tenant Coalition. Below are some of the issues MHCO is putting forward as our "Legislative Wish List" for the upcoming Oregon Legislative Session in 2015. Many of these concepts will not become Oregon Law or will take several Legislative Sessions to work thru the process - but this is where it starts.
MEASURE TO PRESERVE ACCESS TO AFFORDABLE MANUFACTURED HOUSING CLEARS KEY HURDLE IN U.S. HOUSE
Community Update
The House Financial Services Committee Passes Bipartisan Legislation to Protect the Availability of Financing for Manufactured Homes (Editor's Note: As mentioned in the earlier article with the passage of similar legislation pending in the US Senate, MHCO is working with the Oregon Congressional delegation to ensure passage of this critical legislation.)
Senate Banking Committee Approves GSE Reform Bill - Financial Regulation Relief Moves Forward
Community Update
Senate Banking Committee Approves GSE Reform Bill (Editor's Note: MHCO has been working with the Oregon Congressional Delegation to move this Federal Legislaton forward in Washington DC. If you contacts with any of the members or staff of the Oregon Congressional delegation please let the MHCO office know.
Comparison of Current Law to Compromise Legislation - (Community Sale Notification Process - Removal of "Right of First Refusal" Language from Current Statute)
Community Update
Current Oregon law (adopted in 1989) already requires manufactured home park landlords/owners to notify park residents prior to a sale to another owner and to negotiate a possible sale to the residents. ORS 90.760, 90.800 to 90.840. Unfortunately, both landlord and tenant advocates recognize that the current law is seriously flawed and doesn't work for either side.
Phil Querin Q&A: Renting Home & Documentation
Phil Querin Questions & Answers
Answer: This is a good – and important – question. Here are some points to always remember: 1. A resident who is renting the home is not under the manufactured housing section of Oregon’s residential landlord-tenant law (“ORLTA”) which is contained in ORS Chapter 90. This means that you do not treat non-owner residents the same way you would as if they were renting an apartment or home.