MHPs are Not for Libertarians

Big Brother or Protector?

A Colorado judge rules what rent should be; the city of Boise purchases a mobile home park; Riverside County has determined a mobile home park should be closed; and other non-government related MH news.

Enjoy!

What We Are Reading

The Goods - Manufactured Housing

Mobile home park residents granted rent victory

After having their mobile home park sold, rent rates hiked 70% and a series of frustrations such as water supply interruptions, residents of a local mobile home park north of Gunnison took legal action against their new owners and last week secured an initial victory in the case.

City of Boise Purchases Sage Mobile Home Park to Preserve Affordable Housing

As our community continues to experience growth and rising housing prices, the City of Boise is doing everything we can to ensure a home for everyone, which includes preserving existing affordable housing. Recently, the city finalized its purchase of Sage Mobile Home Park, a 2-acre mobile home park located on the Boise Bench.

Perez: 'Goal for the Oasis Mobile Home Park is closure' due to unresolvable health issues

A multi-party effort to shut down a hazard-plagued 60-acre mobile home park in Oasis is advancing, with agreements toward a unified resolution in the works, Riverside County Supervisor V. Manuel Perez said Wednesday.

Development in Gallatin County looks to add 260 homes with price that hasn’t been seen in years

Gallatin County Commissioners approved a large development between Bozeman and Belgrade. The homes could cost, and the number is one we haven’t heard of in years.

Film spotlighting North Liberty’s Golf View Mobile Home Park community to screen in Iowa cities

A Decent Home played to packed houses at FilmScene when director Sara Terry held screenings of the documentary this spring. The film tells the story of mobile home park residents as they try to preserve their communities and their homes after the parks are bought by private equity funds and other investors determined to maximize profits at their expense.

River’s Edge Mobile Home Park residents seek help from selectmen

Residents from River’s Edge Mobile Home Park say the community’s new out-of-state owners are making living there unaffordable for the residents — many of whom are elderly and on fixed incomes.

From floods to slime: Mobile home residents say landlords make millions, neglect them

Five years ago, Mike Noel was newly retired from his manufacturing job in Rhode Island and had just gone through a rough divorce. "I hooked up my boat and headed down here, without having a place to live," he recalls in the living room of his home near Vero Beach, Fla.

Residents of Pembroke Park mobile home community continue to protest after receiving eviction notices

Lakeside Park Estates residents are looming eviction as their mobile home park was purchased by Trinity Broadcasting Network, a Christian telecaster.

Academics ‘debunk stereotypes’ around mobile home parks in search for affordable housing solutions

A group of North American professors is seeking to debunk commonly-held stereotypes about mobile home parks in the United States.

Helping Residents Buy Their Manufactured Housing Communities

Lenders versed in these transactions are helping maintain the affordability of this multifamily segement, according to Owen Breheny of Lument.

General Real Estate News

  • Blackstone Single-Family Landlord to Halt Home Purchases in 38 Cities. (Link)

It’s the Economy, Stupid

  • A ‘Tsunami of Shutoffs’: 20 Million US Homes Are Behind on Energy Bills. (Link)

  • Inflation Is Even Pinching the Middle Class Now. (Link)

  • US housing market in ‘much worse shape’ than Fed admits: economist. (Link)

Regulatory and Affordability

  • Cruel eviction of low-income Hilton Head workers hits a hornet’s nest: The church. (Link)

  • Op-Ed: Seize the downturn: Why California should leverage a recession to build affordable housing (Link)

  • Affordable housing situation is ‘dire’ for Idahoans and state’s workforce, advocates say. (Link)

Public Markets Corner

Equity LifeStyle Prop. Buys N.C.’s Holiday Trav-L Park

Legendary Emerald Isle, N.C., businessman and politician Ronnie Watson has sold his 46-year-old resort, the Holiday Trav-L Park off Coast Guard Road, to Equity LifeStyle Properties, according to News-Times.

Recent Acquisitions

The Capstone MH Team has closed the sale of a 222-Site MHC Portfolio in Sarasota, FL

SOLD - a two park all-age portfolio with 67 spaces in SE Idaho

BoaVida Communities Spotlight: Possum Kingdom RV Resort and Marina

BoaVida Group Buys West Nevada MHC for $13M

Just Closed! | 62-Space Park in Glendora, CA including 40 MH Sites, 22 Apartments including 32 Park-Owned Homes

Nashville based investor/operator completes acquisition of Ohio Manufactured Housing Community

HARRI5 Closed Sun Vista Park Model & RV Resort, Yuma, AZ, 5 Star, 55+ Community, 1230 Sites

The Manufactured Housing & RV Group's successful acquisition of Tall Oaks MHC in Florence, South Carolina

Deals We’re Reviewing

Lots: 164 | # of Parks: 4 | POH: 27 | Tenants: 104

Video Gallery

Residents and supporters protesting after mobile home park was purchased | Watch Video ▶

Bakersfield mobile home park without water for four days | Watch Video ▶

Dozens forced out after investors buy Hollister mobile home park | Watch Video ▶

Protests to save Puyallup Mobile Home Park continue | Watch Video ▶

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