@shelterforce.bsky.socialEnterprise is selling its stake in a commercial mortgage lender after Shelterforce questioned loans to corporate buyers of manufactured home parks.
The nonprofit now says the sale will help seed an endowment.
Listen here: buff.ly/pwMgvLW
@shelterforce.bsky.socialCandi Evans says her lot rent rose 98% during Havenpark's ownership of her manufactured home community.
She was among the residents who pressed Enterprise about the financing behind Havenpark's growth.
Now Enterprise is selling its stake in that lender. buff.ly/1bcHkcB
@shelterforce.bsky.socialEnterprise plans to use proceeds from the sale of its stake in Bellwether Enterprise to help establish an endowment.
Some manufactured-home residents have another idea: Put some of it back into their communities.
đź“– buff.ly/1bcHkcB
@shelterforce.bsky.socialShelterforce previously investigated Enterprise Community Partners' relationship with a lender financing corporate purchases of manufactured home communities.
Now Enterprise is selling its stake entirely.
What happens next? buff.ly/1bcHkcB
#ManufacturedHousing #AffordableHousing