Memo From the Manager A recent article highlighted that three out of four applicants for the Section 8 program are turned away due to budgetary constraints. Clearly, the whole concept of subsidized housing is not working. And the real problem is that there is no accountability under the program as far as keeping housing costs […]
MHC America Fund, LLC has recently acquired Redhill Manufactured Housing Community located in Gallup, New Mexico. Gallup is the county seat of McKinley County and has a metro population of 71,888. It has high housing prices with a median home cost of $141,900 and an average three-bedroom apartment rent of $800 per month. This has […]
MHPI V, LLC, a Prior Fund, has recently acquired an interest in Liberty Commons Manufactured Housing Community through a direct investment into Affordable Housing Community Fund 6, LLC.
Advantages of Manufactured Housing Communities Here are several key advantages that Manufactured Housing Communities (MHCs) have over other asset classes: Affordable Housing: MHCs in which the residents can own their homes are as affordable as housing can get. In both good and bad economic times, there is ALWAYS a need for affordable housing. Currently, around […]