- the MHC weekend
- Posts
- Ruining it for the rest of us
Is a $400 rent increase too much? I don’t know. I’m not here to judge. But if you read last week’s newsletter, you need to ask yourself how someone is able to outbid people over and over and over again.
Enjoy!
What We Are Reading
The Goods - Manufactured Housing
Mobile home park increases lot rent by $400
People living in a mobile home park are in a sticky situation because they say their community has gotten worse over the past couple of months.
Mobile home owners face lot rent increase
Mobile home park residents in Mercer County said they are set to face a near-doubling of rent prices for lots in a number of mobile home parks in the county.
Despite Utah’s Affordable Housing Crisis, the City of Centerfield Places Moratorium on an Affordable Housing Project
Utah has an “affordable-housing crisis” – There is virtually no affordable housing supply along the Wasatch Front. So why would a moratorium be placed on one project that could have provided it? Utah Stories investigates.
Riverdale mobile home park residents face eviction, push to empty property escalates
Twelve tenants of Lesley’s Mobile Home Park face eviction as the operators of the facility push to start emptying the property months ahead of a May 31, 2023, deadline set in a notice sent to park residents in late August.
Residents at Florida retirement community struggle with massive flooding
Residents at Hacienda Village, a 55-plus manufactured housing community in Winter Springs, have not had power for days and are struggling to live in the heat with a boil water notice.
Communities such as Forest Park Estates in Jaffrey look to dispel myths
In 2006, Anne Marie Caissie was looking for a new place to live, on a single income. Her options to become a homeowner were severely limited, nearing non-existent.
Manufactured or mobile homes now part of Asheville's affordable housing conversation
The city of Asheville is considering a change to zoning regulations to allow the replacement of manufactured, or mobile homes, on sites where they previously existed.
Relief group based in Venice offers hot meals, hurricane damage repairs and spiritual outreach
Mike Hibbard was vacationing with family in Pigeon Forge, Tennessee, when he got the call to respond to Hurricane Ian as part of Missouri Baptist Disaster Relief.
MARC responds to mobile home residents left without water service
Mobile home residents left without water due to a service disruption received help from city and county officials as well as staff at Meadville Area Recreation Complex and the mobile home park where they reside.
General Real Estate News
Small Businesses Getting Squeezed Out in Push for Warehouse Space. (Link)
Mortgage applications fall to the lowest pace in 25 years, as interest rates nearing 7% spook buyers. (Link)
Loudoun County Passes New Rules to Limit Data Center Growth. (Link)
US Apartment Sales Outpace Last Year Despite Higher Interest Rates. (Link)
It’s the Economy, Stupid
Regulatory and Affordability
Charts Making Us Smarter
Public Markets Corner
ELS Reports on Hurricane Ian
Equity LifeStyle Properties, Inc. reported today that it is in the process of undertaking an initial assessment of the impact of Hurricane Ian on its Florida properties and North Carolina and South Carolina coastal properties.
Equity LifeStyle Properties, Inc. Announces Third Quarter 2022 Earnings Release and Conference Call
Equity LifeStyle Properties, Inc. announced today that the Company’s third quarter 2022 earnings will be released on Monday, October 17, 2022 after market close. The Company’s executive management team will host a conference call and audio webcast on Tuesday, October 18, 2022 at 11:00 a.m. Eastern Time to discuss the Company’s operating and financial results.
Recent Acquisitions
The McClellan & Baskin Group of Institutional Property Advisors (IPA), is pleased to announce the recent sale of Two Confidential Manufactured Housing Communities located in South Dakota and California totaling 839 sites (2 separate transactions).
MUELLER & HOFFMAN MANUFACTURED HOUSING, as exclusive agent for the owner, is pleased to announce the sale of Carlisle Mobile Home Park in Albuquerque, New Mexico.
MHCI Group is grateful for another deal closed in Northern Arkansas!
Video Gallery
Low-Income Tenants in 'Filthy' Building Scramble to Find Housing | NBCLA | Watch Video ▶
Unique, low-income housing breaks ground in Fayetteville | Watch Video ▶
Podcast Picks
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Sponsored By —
Elevation Capital Group, and its affiliates, (“Elevation”) focuses exclusively on two niche property types: Mobile Home Communities and Self Storage Facilities. Elevation, through its affiliates, has acquired properties worth more than $600 million and has owned more than 200 properties across more than 30 states. To learn more about Elevation and their current investment offering, click here.
Contact us at [email protected] for sponsorship inquiries.