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Mobile Home Park Lending

A recent $3 million Ford Foundation investment enabled RCAC to expand its mobile home park lending. Borrowers must be nonprofit organizations, tribes or resident-owned organizations. Park residents must be pre-dominantly low-income households. RCAC will lend funds (short-term and long-term) to finance:

  • Development (land acquisition, off and on-site construction, on-site improvements) of quality manufactured housing parks
  • Purchase and renovation of existing manufactured housing parks
  • Conversions of existing parks to resident ownership either through co-operatives, land trusts or other forms of ownership

The maximum loan amount is $1 million or 25 percent of the purchase price. Specific income targeting applies. For more information, please contact Robert Longman at 530/692-9625, or e-mail at rlongman@rcac.org.

 

Loans

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