Tax Exempt Bonds for Mobilehome Park Purchases

I am occasionally asked, “Why can’t my resident group get tax-exempt bond financing to purchase our park?” Resident groups leaders are referring to the fact that commercial funding for resident groups trying to buy their park is hard to come by.  But so-called Non-Profit Corporations (NPC) can get local government sponsored tax-exempt bond money to … Read more

The Southern California Basket Case

There is a small (50 or so homesites) low-income park in suburban San Diego, California.  The resident group purchased the park about 10 years ago using a commercial real estate loan, a second mortgage loan from the local municipal government and some resident equity.  The resident group operated the park, more or less successfully, for … Read more

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