Mobilehome Park Rehabilitation and Resident Ownership Program (MPRROP)

Overview

Funds for conversion, acquisition and/or rehabilitation of existing mobilehome parks in order to preserve them as a source of affordable housing and to assist park residents with needed repairs, accessibility upgrades or replacement of mobilehomes. Short-term conversion loans at up to three percent simple annual interest for up to three years to enable a resident organization, nonprofit sponsor, or local public agency to purchase a mobilehome park. Long-term blanket loans at up to three percent simple annual interest for up to 40 years for long-term financing of a park purchase, or for a resident organization, nonprofit or local public agency that has purchased a park to help low-income residents finance the purchase of shares or spaces in the park or to help pay for the cost to repair...