Multifamily Market Commentary
Lack of Communities Leaves Fundamentals at MHCs Tight
September 18, 2023
Manufactured housing units that are pre-fabricated in factories remain an important source of unsubsidized affordable housing for an estimated 17 million residents, according to data from the 2021 American Community Survey (ACS). However, not all purchasers of manufactured homes can afford to purchase the land needed to situate their new home, and some prefer to avoid the maintenance associated with owning that land. Manufactured Housing Communities (MHCs), also known as land-lease communities, address this need.