October 2, 2006, Arlington, Va. – Manufactured Housing Institute (MHI) President Chris Stinebert announced today that he is resigning his position as president, effective October 31, 2006, to become President of the American Financial Services Association, located in Washington, D.C. Stinebert joined MHI in 1998.

MHI’s day-to-day activities will be managed by MHI Executive Vice President Michael O’Brien, CAE, while a search is conducted for Stinebert’s successor by the MHI Executive Committee.

"I have truly enjoyed my tenure as MHI President," Stinebert stated. "MHI and its members have been instrumental in positioning the manufactured housing industry for future growth and I am grateful for the support and encouragement I received from industry members. I know that MHI and its members can continue to build on the positive work we accomplished for the past eight years so that manufactured and modular homes can play a larger role in America’s housing marketplace."

"The Manufactured Housing Institute has been fortunate to have the leadership of Chris Stinebert during the past eight years, providing the association and the manufactured housing industry with dedication and visionary guidance during challenging times," MHI Chairman Dennis Jones stated. "Chris will be a hard person to replace and we wish him nothing but success and best wishes in his new endeavor."

A search committee for the new MHI President will be formed shortly.