Pushing, forcing and easing...

Charlotte Observer reports on threats to mobile home parks and President Biden releases a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community

Author

Christopher Ebert
June 10, 2022

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What We Are Reading

‘Pushed Out’: Here’s what we learned reporting on threats to mobile home parks

Mobile home parks have been a reliable source of affordable housing in Charlotte for decades, offering prices well below nearby apartments or homes. But a confluence of factors, including rising land prices and an influx of investors looking to make money buying parks, threaten this way of life. New reporting and data analysis from The Charlotte Observer shows how in the middle of the city’s widening affordable housing crisis, this remaining refuge has come under siege...

President Biden Announces New Actions to Ease the Burden of Housing Costs

As President Biden said last week, tackling inflation is his top economic priority. Today, President Biden is releasing a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community...

Newport News airport forcing residents out of its mobile home park

Le'Shaun Coles holds her one-year-old son, Ashton Coles, while talking with her mother, Shannelle Coles, as they pause after removing flooring from Le'Shaun Coles mobile home Tuesday May 10, 2022. Over 70 residents of the Patrick Henry Mobile Home Park near the Newport News/Williamsburg International Airport received notices informing their leases would be terminated...

‘It breaks our heart’: Mayor says town is powerless over mobile home park evictions

PEMBROKE PARK, Fla. – Some of the residents of the Lakeside Park Estates, a mobile home park with more than 250 sites, asked Pembroke Park officials for help during a public meeting on Wednesday at the Town Hall...

State files lawsuit against mobile home park after residents constantly lose water

GASTON COUNTY, N.C. — Residents of a mobile home park in Gaston County said they don’t have constant running water to take baths, wash clothes or cook. The water was out for an entire week, at one point...

RHP Properties partners with Adoptaclassroom.org to support local school

To commemorate Teacher Appreciation Week, RHP Properties, the nation's largest private owner and operator of manufactured home communities, presented a $10,000 donation to a Greeley, Colorado school through AdoptAClassroom.org...

Public Markets Corner

Flagship communities real estate investment trust announces first quarter results

Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) today released its results for the three months ended March 31, 2022 ("Q1"). The financial results of the REIT are presented below in accordance with International Financial Reporting Standards ("IFRS"), except where otherwise noted. Results are shown in U.S. dollars unless otherwise noted.

Manufactured Housing Properties Inc. Announces Results For The Quarter Ended March 31, 2022

Revenues and Adjusted EBITDA Increased 79% and 97%, respectively Over Prior Period For the Quarter Ended March 31, 2022

CHARLOTTE, N.C., May 18, 2022 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC: MHPC), which acquires, owns, and operates 46 manufactured housing communities containing approximately 2,195 developed sites, today announced operating results for the quarter ended March 31, 2022.

Recent Acquisitions

RHP Properties announces iowa portfolio purchase with acquisition of three manufactured home communities

RHP Properties, the nation's largest private owner and operator of manufactured home communities, has announced the acquisition of three manufactured home communities in Iowa. This expands the company's portfolio to four communities in the state and brings the company's total of manufactured home communities to 315 nationwide. The announcement was made by Ross Partrich, CEO, RHP Properties...

Local mobile home park under new ownership

The former Country Meadows mobile home park just north of the City of Gunnison has undergone an ownership transition this spring, and with it has come housing insecurity for many who live there. After residents’ unsuccessful efforts to acquire the property for themselves, the new property owner has changed the park’s name and increased rent by more than 70% in the first few weeks of ownership...

Harmony Communities to buy Fresno’s Trails End Mobile Home Park in $1.7M sale

A judge in Fresno has ruled that the next owner of the Trails End Mobile Home Park in Fresno will be Harmony Communities. The $1.7 million sale was approved Tuesday afternoon...

Flagship communities REIT to acquire two northern Kentucky manufactured housing communities for US$22.5 million

Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) announced today that it will acquire two communities to its portfolio with the acquisition of two properties in Florence Kentucky, (the "Acquisition") for a purchase price of approximately US$22.5 million. The Acquisition is 70% occupied. The Acquisition is subject to customary closing conditions and is expected to close on or about May 18, 2022...

Marketed Deals We Like

Price Summary: $9,000,000 | Number of Lots: 128

Current Average Lot Rent: $325 | Lots: 57 | POH: None

Number of Sites: 75 - 125 | Purchase Price Per Site: $72,000 - $120,000 | Target Price: $9,100,000

What Else Are We Reading?

Mobile home park in Des Moines being torn down for redevelopment

DES MOINES, Iowa —A mobile home park on Indianola Avenue near Park Avenue is being demolished for redevelopment after being in disrepair for years.

Governor signs mobile home protections bill

Mobile home park tenants will get an additional month’s notice before evictions or increases to their rent and utility fees under a new state law that was signed Tuesday by Gov. Kim Reynolds.

Santa Barbara’s Green Mobile Home Park Saved from Foreclosure

Park in Shadow of Freeway Wall to Remain Affordable to Low-Income Renters for Next 90 Years..

Nixon nixes mobile homes within city limits

Nixon City Council has taken action prohibiting any new mobile homes from being installed within Nixon city limits. At their Monday, May 9, meeting, council members approved this housing amendment in the hopes of increasing Nixon’s property values within city limits...

Nine months later, mobile home park still running off generators

With temperatures reaching triple digits, health professionals are advising people to stay out of the heat for long periods of time. But what if you can’t stay out of the heat because your home has no working air conditioning? That’s the situation dozens of mobile home residents found themselves in over the weekend...

Wayland mobile home park residents remain concerned about unsafe drinking water

Some residents say they were told by the park's water manager that arsenic levels are higher than before...

More News To Read

  • Starbucks To Replace Mobile Home Park In Findlay. Read the news →

  • Dotsero Mobile Home Park residents are trying to become Eagle County’s first resident-owned community. Read the news →

  • Senior citizens in Las Vegas mobile home park forced to leave over rezoning. Read the news →

  • Approved Plans Update Addresses At Windhaven Estates. Read the news →

  • Valley County to continue discussion on Roseberry Park development. Read the news →

  • Neighborhood Nuisance: Residents at Raintree Village Mobile Home Community want a clean up. Read the news →

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