Out-of-State Investors Buying Up More Mobile Home Parks

In a trend that has accelerated since the pandemic, over one in five mobile home parks in Maine are owned by out-of-state investors.

1 minute read

April 2, 2024, 6:00 AM PDT

By Diana Ionescu @aworkoffiction


Row of colorful mobile homes on an asphalt street.

Hanna Tor / Adobe Stock

Over 20 percent of mobile home parks in Maine are owned by out-of-state investors, reports Zara Norman of Bangor Daily News, sparking affordability concerns among residents and housing advocates.

“Long ago, these parks were generally owned by the family owners who built them. Many of those owners are hitting retirement age and selling to corporate investors eager to scoop up some of the last bastions of affordable living,” Norman explains. “Almost always, they immediately increase lot fees on the residents that typically own their homes and steadily raise rent thereafter. New parks are almost never built, keeping rents high.”

While the parks are an attractive investment for owners, these tactics put residents — many of whom are elderly and on a fixed income — at risk of eviction and homelessness. A growing movement to put ownership into the hands of mobile home park residents seeks to combat these risks through cooperatively owned parks, but residents who want to purchase the land they live on often come up against challenges with loan financing. Some states, like New York, have passed legislation to protect residents and allow mortgages and mortgage pool insurance for manufactured homes.

Monday, April 1, 2024 in Bangor Daily News

Large blank mall building with only two cars in large parking lot.

Pennsylvania Mall Conversion Bill Passes House

If passed, the bill would promote the adaptive reuse of defunct commercial buildings.

April 18, 2024 - Central Penn Business Journal

Rendering of wildlife crossing over 101 freeway in Los Angeles County.

World's Largest Wildlife Overpass In the Works in Los Angeles County

Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.

April 15, 2024 - LAist

Workers putting down asphalt on road.

U.S. Supreme Court: California's Impact Fees May Violate Takings Clause

A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.

April 18, 2024 - Los Angeles Times

View from back of BART Police SUV driving down street in San Francisco, California.

Podcast: Addressing the Root Causes of Transit Violence

Deploying transit police is a short-term fix. How can transit agencies build sustainable safety efforts?

53 minutes ago - Streetsblog USA

Sunset view of downtown Minneapolis, Minnesota skyline.

Minneapolis as a Model for Housing Affordability

Through a combination of policies, the city has managed to limit the severity of the nationwide housing crisis.

1 hour ago - Brown Political Review

Row of yellow Pacers Bikeshare bikes at station in downtown Indianapolis, Indiana.

Indy Bikeshare System Turns 10, Expands to E-Bikes

Pacers Bikeshare riders logged over 700,000 rides since the system launched in 2014.

2 hours ago - Indy Today

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.