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News Briefs
KMHI joins
KY Retail Federation on legislative issues.
The KMHI is now an Associate Member of the Kentucky Retail
Federation. This organization will assist us with legislative issues.
They have been provided with details of the KMHI’s 2012
legislative agenda. For more detail about this
organization, see the KY Retail Federation’s
Retail Record*.
2012 KMHI
Conference
Mark your calendars now for the 2012 Kentucky Manufactured Housing
Institute Annual Conference to be held June 13-15, 2012!
The Annual Conference will be held in the
beautiful, historic city of Bardstown, KY. The Hampton Inn
will be the host hotel but off-site events are planned.
Our block-buster line-up of seminar and
educational speakers are just one of the reasons to attend:
-
Tim Williams, 21st Mortgage – to
discuss the financing future for manufactured housing
-
Larry Disney, Kentucky Appraisal
Association – to discuss problems with appraisals for manufactured
housing
-
Doug Howard, a Frankfort attorney
- to discuss community issues and answer questions owners may have
-
Dan Chapman, Building Code
Enforcement - to discuss current regulations and issues in the field
-
Also – featured will be Tom Black,
author of Boxcar Millionaire.
Flyer*
Congressional
Hearing Focuses on M.H. Issues
Dec 20, 2011: Kevin Clayton, CEO of Clayton Homes, was one of the
witnesses testifying before the US House of Representatives’ Financial
Services Subcommittee on Housing, Insurance, and Community Opportunity.
Kevin Clayton did an outstanding job testifying that the primary issue
impacting the affordability and availability of manufactured housing was
financing, including the lack of availability for lenders to securitize
loans through the secondary market. Mr. Clayton also emphasized that
federal regulations continue to add additional burdens to the industry.
Thanks, Kevin for providing testimony before this important
Subcommittee.
TVA Increases
ENERGY STAR Rebate Pool, Extends Program Period
SBRA today signed a supplement to
its contract with the Tennessee Valley Authority that increases the
number of ENERGY STAR manufactured homes that can qualify for the
$1,450 rebate and extends the program period through 2012. The
rebate is paid to the home manufacturer.
The extension brings the amount of the
rebate pool to $ 4,611,000 sufficient to cover 3,180 rebates. The
rebates are available immediately.
Please contact Gwynne Koch (email:
gkoch@research-alliance.org / phone: (212) 496-0900 x120) or Emanuel
Levy with questions about the program.
Homes placed in the seven state TVA area can
qualify for rebates.
2012 Louisville
Show Update
The 2012 Louisville Show manufacturer spaces are sold out and there are
only 4 service/supplier spaces left!
Floor map*
The show is scheduled for
January 11-13, 2012 at the Kentucky Exposition Center in Louisville.
Plan to attend the Show and KMHI Member Appreciation Reception and, if
you need the 5-hour continuing education installer course, it will be
held on Tuesday, January 10 at the Crowne Plaza Hotel. Don’t forget to
make your hotel reservation before the rooms sell out.
To register for the Show, please contact Dennis Hill,
(ShowWays, Unlimited) at (770) 587-3350 or www.showways@bellsouth.net.
Take note of
the cautionary memo and statute relating to title lien statements
Memo 1*
Memo 2*
Don Sharp
Inducted into KMHI Hall of Fame Class of 2011
Congratulations to Don Sharp of Triad Financial Services for
being inducted into the KMHI Hall of Fame Class of 2011 during the
President’s Award Dinner at the recent annual conference. Sharp joins 20
others since the hall of fame’s commencement in 2003: Dick Berry, Morris
Hylton, Jr., Charles Meredith, Arthur Richter, Daniel Rolfes, Sam Lee,
Bob Seed, Bill Wilson, Bill Poynter, Don Bundy, George Humfleet, Ronal
Sharp (posthumously), Boone Ward, Larry Matthews, Mike Simpson, Kreil
Moran, Thad Vann, Jim Fleming, Dennis Keene, and Ed Miller.
Betty
Whittaker - New Executive Director
In case you haven’t heard, I’m back and very excited about once
again working in a great industry with such wonderful members. I’ve
already had a chance to talk to and visit with some of you and I’m
looking forward to making some more member visits in the next couple of
months. If you have any questions or concerns, please do not hesitate to
give me a call or send me an email at
bwhittaker@kmhi.org .
Lottery for New
Construction Program for Single Parent, Disabled, or Elderly Households
Funds for the New Construction Program for Single Parents, Disabled,
and Elderly Households will soon be available. The funding source this
year will be New Bond funds, which means borrowers must meet all New
Bond guidelines, with the exception of purchase price and income limits
(listed below).
Funds will be available to populations that
meet the following program guidelines:
-
First mortgage loan (FHA, VA, and RHS
only - no conventional) with 30-year fixed interest rate of 1 to 6
percent. The rate will be the highest for which the applicant
qualifies at ratios of 29/41.
-
New construction property only.
-
Maximum purchase price of $115,000.
-
Eligible households include:
-
Single parents with at least one
dependent child under the age of 18 living in the household.
-
Households with at least one member
with a permanent disability who is receiving some form of
disability income (SSI, SSDI, etc.).
-
At least one of the home buyers age
62 or older.
-
Gross annual household income less
than $28,000 for 1-2 persons or $33,000 for 3 persons or more.
-
Regular rate program with points
required.
-
Borrowers must have minimum credit score
of 640 and AUS approval.
-
Regular Down payment Assistance Program
is available for down payment and closing costs.
Reservations will be selected through a
lottery system. The lottery will be open for reservations Monday, July
25, through Wednesday, July 27. Winners will be notified by e-mail by
Friday, July 29. All applicants MUST have a fully-executed contract
when the loan is reserved.
Darrell Overstreet
Key Mortgage Company, Inc.
1200 Russell Road
Columbia, KY 42728
doverstreet@kmcky.com
270-384-1735
1-877-353-2265
Fax: 270-384-1459
www.kmcky.com
“Soaring to New
Heights” 2011 KMHI Conference
KMHI held its 2011 Annual Conference and General Membership Meeting
June 8-10 in Louisville, KY at The Hyatt Regency. Even though turnout
was low, like it has been the past few years, many members have
indicated that they enjoyed the conference, and that it provided
meaningful programs and networking opportunities during the social and
meal activities. Many thanks to the 2011 Conference sponsors for their
generous contributions to the conference. Without their sponsorships,
KMHI could not have provided the great events, food, and drinks.
Seven (7) different members contributed $6,600. KMHI greatly
appreciates these sponsors, and urges the membership to acknowledge
their contributions by thanking them and using their services and
products.
Thanks to KMHI Conference Committee
Congratulations to the KMHI Conference Committee and staff for an
excellent job planning the 2011 Annual Conference and General Membership
Business Meeting: Chair – Don Sharp; Vice-Chair – Eddie Wilson;
and members – Darin Heath, Rick Reynolds, Rob Peterson,
Amie Hacker, Chris Loher, Morris Hylton and
Bonnie White. Special thanks to Chair Don Sharp for spending
an afternoon making phone calls at the KMHI office to solicit
sponsorships; because of Don’s dedication, we obtained sponsorships that
we otherwise would not have received. Thanks also to Bonnie White
for an outstanding Hall of Fame presentation at the President’s Awards
Banquet. Staff members Erica Klimchak, Betty Whittaker,
and Debbie Lucas also did a wonderful job helping to plan and
conduct the conference.
Congratulations to new officers
Congratulations to the following members who were elected as 2011-12
officers:
President – Ken Fister, Suburban Mobile Home Park, Lexington
1st Vice-President - Jerry Adkins, Jerry Adkins Homes, Pikeville
2nd Vice-President - Nathan Smith, SSK Communities, Erlanger
Secretary - Barry Noffsinger, CU Factory Built Lending, Lexington
Treasurer - Darrell Overstreet, Key Mortgage Company, Columbia
Past President Rep. -Don Sharp, Triad Financial Services, Floyds
Knobs.
Thank You
Conference Sponsors:
Mt. Everest ($5,000 or more) – Clayton Homes
Mt. Rainer ($500-999) – Key Mortgage Company, Inc.
Black Mountain ($300-499) – CU Factory Built Lending
American Income Life
Fleetwood Homes of Tennessee
US Bank
Style Crest
2011 Louisville
Show is a Go
Good News—the Midwest Manufactured Housing Federation board of
directors voted to sponsor the 2011 Louisville Show at the Kentucky
Exposition Center in Louisville, January 12-15, 2011. Please mark your
calendar today, and plan to participate in the “Great Return of the
Louisville Show”. Manufacturers have already reserved 24 of the 29 home
spaces. More than 50 service/supplier spaces have been sold and interest
continues to grow! There are about 30 more service/supplier spaces left.
Those spaces must be sold in order to produce the best show possible. It
appears that 3 or 4 additional manufacturers are prospects for the
remaining exhibit spaces in the manufacturers’ section. We must now turn
our efforts to selling the remaining service/supplier space and offering
unique educational programs. Retailers, community operators and
developers will benefit from attending the new Louisville Show. Yes, it
is a relatively small show, but this year the focus is on quality rather
than quantity, and the 2011 Louisville Show promises to be very
exciting.
More information
click here.
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