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Mobilehome Park Resident Ownership Program (MPROP)

Links to program publications are shown following the program description.

Purpose

Finance the preservation of affordable mobilehome parks by conversion to ownership or control by resident organizations, nonprofit housing sponsors, or local public agencies.

Assistance Type

Loans

Terms

Short-term conversion loans at three percent simple annual interest for up to 3 years to enable a resident organization, nonprofit sponsor or local public agency to purchase a mobilehome park.

Long-term blanket loans at three percent simple annual interest for up to 30 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. Payments of conversion and blanket loans can be deferred or adjusted if necessary to make the purchase feasible.

Long-term individual loans at three percent simple annual interest, to low-income residents of a mobilehome park that has been converted, to ensure housing affordability when the resident buys a cooperative interest, a share, a planned unit development space, or a condominium space in the park.

Eligible Activities

Purchase (conversion) of a mobilehome park by a resident organization, nonprofit entity or local public agency; rehabilitation or relocation of a purchased park; purchase by a low income resident of a share or space in a converted park.

Eligible Applicants

Mobilehome park resident organizations, nonprofit entities, and local public agencies. Low income residents of converted parks apply for individual loans to the entity that has purchased the park.

Application Process

Applications are invited through issuance of Requests for Proposals (RFPs). Projects are evaluated, ranked and funded according to criteria in the RFPs.

Contact

(916) 445-0110

Program Publications

• 2008 Mobilehome Park Resident Ownership Program NOFA – (Adobe PDF)

• 2008 MPROP Workshop Registration Form – (Microsoft Word)

Application and Attachments

• 2008 MPROP Application – (Microsoft Excel)
  • 2008 Underwriting-Scoring Worksheets (Microsoft Excel)
  • Request for Verification of Income (Microsoft Word)
  • Certification of Resident Support (Microsoft Word)
  • Sample Assistance Analysis Chart (Nonsubdivided) (Microsoft Excel)
  • Sample Assistance Analysis Chart (Subdivided) (Microsoft Excel)
  • Geographic Distribution
  • Definition of "Rural Area"
• MPROP Regulations – (Adobe PDF)
• 2008 Income Limits – (Adobe PDF)

Additional Resources

• A Guide to Mobilehome Park Purchases