Owners sought to triple the monthly charges for parking mobile homes at a Petaluma mobile home park

 

 "Park operators had sought to raise the charge for mobile home spaces by more than $1,500 a month. The average ground rent is currently $495"

 

Read the original article:  Arbitrator nixes massive rent increases sought by mobile home park

Fair Housing Workshop, 6/27/24, Fairfield

 

Mobile home parks increasingly owned by private equity firms, hedge funds, and large corporations - see PESP's tracker

 

See the PESP Private Equity Manufactured Housing Tracker  HERE.    Excerpt follows: 

   

Key Points

• Over the past 20 years, manufactured home communities increasingly have gone from “mom and pop” enterprises to ownership by private equity firms, hedge funds, and large, multi-state corporations that seek to capitalize on manufactured-home owners’ unique situation.
• In 2020 and 2021, institutional investors accounted for 23% of all manufactured home purchases, up from 13% between 2017-2019. [1]
• Eleven private equity firms own 1,095 manufactured housing parks in the U.S. with over 240,000 lots.  
• Three of the four largest private equity firms in the U.S. [2] own manufactured housing portfolios: Apollo Global Management (Inspire Communities), Blackstone (Treehouse Communities), and The Carlyle Group.

 

Private Equity Firm/ Hedge Fund	Manufactured Home Company	# Parks	# Lots
Stockbridge Capital Partners	YES! Communities	266	74,761
Brookfield Asset Management	RHP Properties	120	27,061
Calzada Capital	Hometown America	76	26,217
Federal Capital Partners	Horizon Land Mgmt	169	24,344
Apollo Global Management	Inspire Communities	115	23,590
Havenpark Capital Partners	Havenpark Communities	64	19,121
The Blackstone Group	Treehouse Communities	51	10,351
Riverstone Capital Partners	Riverstone Communities	54	10,038
Alden Global Capital	Homes of America	133	9,347
The Carlyle Group		22	7,530
Green Courte Partners	Windward Communities	20	7,004
TOTAL		1,095	240,174

 

Please Come To The Meeting: MAY 19, 2024, 2:00 PM

 

Please Come To The Meeting

 Vallejo Mobilehome Coalition

When: MAY 19, 2024 

Where: 150 Seaport Dr. (Clubhouse)

An Informative Guest Speaker Will Be Attending 

 Time: Starts at 2:00 PM  

Complimentary Food & Refreshments Will Be Served  

Hope To See You There  

Mark Your Gelendar for Every 3rd Sunday of the Month  

Membership Not Required To Attend  

Come Find Out The Latest And What Is Planned For Dates To Come 

 Bring Concerns and Questions to the Meeting

We Are In This Together

Any Questions Please Call The VMC HOTLINE 24/7 at (707) 648-6155 For a Call Back: "Please Leave a Message" We Will Get Back To You As Soon As Possible  

Website: www.vallejomobilehomecoalition.com

Protecting the Rights of Mobilehome Owners

Notice of Public Comment Period: Mobilehome and Recreational Vehicle Park Manager Training Act

 

Notice of Public Comment Period Mobilehome and Recreational Vehicle Park Manager Training Act   The California Department of Housing and Community Development (HCD) is providing notice of a public comment period for proposed regulations implementing the Mobilehome and Recreational Vehicle Park Manager Training Act (Act) established by Senate Bill 869 (Chapter 662, Statutes of 2022).   The Act created the Park Manager Training Program (Program) within HCD. The Program must ensure that at least one person for each mobilehome park or recreational vehicle park receives specified training and examination to carry out their management role.   HCD invites written comment for consideration during the following public comment period:   Thursday, May 23, 2024 through Thursday, June 6, 2024   All written comments received by HCD, within the specified public comment period and pertaining to the proposed regulatory text, will be considered. However, formal responses to public comments will not be provided by HCD. Written comments must be received by HCD no later than midnight on the last day of the comment period in order to be considered.  Submit your comments Any interested person, or their authorized representative, may submit written comments, which are relevant to the proposed regulatory action, through the following options:  ·     Electronically using the Public Comment Portal - Click on the Current Rulemaking Activities accordion and locate the portal link under the Proposed Regulations – Senate Bill 869 Header. (You will receive an automated response for a successful submission)   ·     By mail to:   California Department of Housing and Community Development Division of Codes and Standards ATTN: Park Manager Training Program Regulations Housing Regulations Team C/O Emilie Hill P.O. Box 277820 Sacramento, CA 95827-7820 The proposed regulatory language is available on HCD’s Title 25 Rulemaking webpage.  For reasonable accommodations or questions, please email SB869@hcd.ca.gov or call 916.820.1486.

US investors pricing out trailer residents

 Watch the video from DW News here

Seniors on fixed incomes priced out at mobile home park after rent hike

 Read the article here.  

Novato mobile home park explores forming cooperative

 According to the Marin Independent Journal: "Residents at the Marin Valley Mobile Country Club in Novato might form a limited-equity housing cooperative to purchase the city-owned lots their homes sit on." 

The Marin Valley Mobile Country Club in Novato on Friday, June 23, 2023. (Alan Dep/Marin Independent Journal) 

 

Read the article here. 

HCD invites you to attend upcoming webinars to discuss Urban and Rural Communities

 

 

Read the details here.  

2024 California Mobile Home Residency Laws

 

 

Read or download them here.