Tag: resident-owned communities
Arrangements in which LIHTC tenants share in the development’s financial benefits, or become partial or full owners, are rare—but some properties have pulled them off. This scan of several examples shows the possibilities—and the conditions needed for them to succeed.
As tenants organize to take over their buildings, there's been an increased interest in going the co-op route. Could the networks that support resident-owned mobile home park communities shift their focus to support residents of multifamily buildings that want to go co-op?
The risk of onerous lot rent increases and the fear of eviction are more threatening than ever as private equity enters the manufactured housing market.