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 created a shortage of affordable housing. Gallup has a recession-resistant economy that is anchored by healthcare, government and education. The top ten employers in Gallup are 1) School District with 2,000 employees 2) Gallup Medical Center with 1,000 3) McKinley Hospital with 649 4) Wal-Mart with 637 5) Zuni Public Schools with 417 6) Western Refining with 389 7) City of Gallup with 374 8) University of New Mexico with 242 9) Lowe’s with 240 and 10) Bureau of Indian Affairs with 210.