Massachusetts Manufactured Housing Park
Program
The RCAP Solutions Massachusetts Manufactured Housing Park
Program focuses on:
| • Sustaining and increasing
the inventory of affordable housing.
• Maximizing local neighborhood excellence
through neighborhood revitalization as appropriate.
|
The outcome of our program will be the protection of assets
and wealth creation for hundreds and possibly thousands of
manufactured housing park residents over the next decade. RCAP
Solutions’ program has important national implications because
it is part of a national demonstration project (I’M HOME).
Our initiative has three major components:
1. Park Conversion: Converting two
or more investor-owned manufactured housing parks to
resident-owned
communities per year.
2. Loan Funds: Securing and marketing funds for
site acquisition and improvement loans for parks that
convert from private ownership to resident ownership
3. Advocacy for Park Residents: Advocating for residents of manufactured housing communities who
are not aware of their rights.
|
A Universe Faced With Challenges
The climate for Manufactured Housing Community (MHC) residents is risky these days. Homes are being sold out from under residents because of:
| • Recent increases in land
value.
• The cost of infrastructure upkeep.
• The increased scrutiny by environmental
regulatory agencies.
|
MHC proprietors are motivated to sell to developers, who
may have quite different intended use for the land on which
the community sits. In such circumstances, individuals who own
their manufactured home but not the land underneath it are at
risk. This land may become a parking lot for a shopping mall
or spring up into mid/high priced residential “MacMansions”.
Such transition not only is a threat to the current
manufactured home owner/resident, it results in reduction of
sorely needed affordable housing.
What You Can Do
1. If you are a park resident,
to contact us for more
information or assistance please
click here.
2. If you are a financial institution or a
foundation and can help us strengthen and expand this
growing
program, call us or please
click here.
3. If you are a community with a manufactured
housing park that needs assistance, call us or
please
click here.
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For more information on our partners and resources for this
project, visit their web sites below:
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