Business
Cavco Industries Wins MHI’s Inaugural “Community Impact Project of The Year” Award
The Company’s Five Points Neighborhood Initiative recognized for creating opportunities for families that otherwise may not be able to achieve the dream of
About this update from Cavco Industries, Inc.
[{"type":"text","content":"The Company’s Five Points Neighborhood Initiative recognized for creating opportunities for families that otherwise may not be able to achieve the dream of home ownership\nPHOENIX, April 12, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) today announced that the Company has won the Manufactured Housing Institute’s (MHI) inaugural “Community Impact Project of the Year” award (2022) for its Five Points Neighborhood Initiative in Martinsville, Virginia, where its Nationwide Homes brand is based. This new award, voted on by a panel of independent industry experts, recognizes company efforts to address social challenges or underserved needs at the local level. “The success of the Five Points Neighborhood Initiative is a shining example of industry partnering with community leaders to make a significant and beneficial impact on the lives of our fellow citizens,” said Bill Boor, President and Chief Executive Officer of Cavco Industries, Inc. “We are extremely proud to be the first-ever recipient of this award, and our Nationwide Homes team, led by Donald Aheron, Jim Miller and Greg Hickman, went above and beyond to deliver this project and revitalize a community – right in their own hometown.” Every year, the MHI holds their Excellence in Manufactured Housing Awards competition and invites submissions from manufacturers, vendors, retailers, communities and other strategic partners in the industry. This year, the MHI received over 83 submissions across 17 awards categories. Nationwide Homes, a Cavco Industries, Inc. brand, partnered with a diverse list of local, state and national organizations to build the Five Points neighborhood in Martinsville, Virginia. In addition to Nationwide, this unique coalition of public and private entities included Virginia Housing, City of Martinsville, USDA-Rural Development, Silverpoint Homes – Nationwide’s top independent retailer, Martinsville-Henry County Economic Development Corporation, United Way of Henry County & Martinsville, and The Harvest Foundation. Together, this dedicated team committed copious amounts of time, manpower and resources to revitalize this underdeveloped area with homes to be sold to owner-occupied buyers meeting the project’s housing-insecurity requirements. Each home has a five-year deed restriction requiring owner-occupancy. The Fi...