News
NOAH Supports HB 3007 which provides residents of Manufactured home communities the opportunity to make an offer to purchase
HB
3007 requires
owners of residential facilities to offer tenants, alone or in cooperation with
a nonprofit organization or housing authority, the opportunity to purchase
before the facility can be offered for sale to a third party. The bill is
sponsored by Rep. Nathanson, and is supported by the Manufactured
Housing/Oregon State Tenants Association, as well as the Oregon Housing
Alliance. The Network for Oregon
Affordable Housing (NOAH) strongly supports HB 3007.
Manufactured
homes have traditionally provided some of Oregon’s most affordable
homeownership opportunities and are a critical source of affordable housing for
homeowners with lower incomes. There are
an estimated 64,325 people currently living in 1,158 manufactured home parks in
Oregon. 54% of the residents are 55 years of age or older and 66% have a
household income of less than $30,000 per year. 14% have household incomes under $14,000 per
year.
Over 80% of the
manufactured homes in Oregon on rented land are owner-occupied. These homeowners lease space in a manufactured
home community but do not own the land on which their homes sit. With very limited protections under the law,
thousands of these homeowners face displacement should park owners decide to
close the community and covert the land to some other use.
HB 3007 will
provide residents an opportunity to offer to purchase the park where their
homes are located and will help preserve this critical source of affordable
housing. Encouraging resident ownership of manufactured home parks
improves the neighborhood and brings greater stability and security for the community.
For more than
20 years NOAH has provided financing for new and existing affordable
multifamily rental housing here in Oregon.
We are committed to protecting and preserving Oregon’s existing
affordable housing and since 2009, we have provided financing for Manufactured
Home Park acquisitions by the community’s residents.
— Posted on 4/09/2013