The Manufactured Home Cooperative Fund Program (MHCFP) is a revolving loan program which provides the financial and technical resources to encourage and facilitate cooperative ownership of manufactured home parks, sometimes referred to as mobile home parks.
MHCFP assists manufactured home park residents in purchasing the land underlying their homes, making infrastructure improvements, and forming cooperatives. By owning and managing their parks, residents are able to take greater control over their housing costs and living conditions.
Eligible applicants are manufactured home residents' associations, manufactured home park cooperatives, municipalities, housing development fund companies, and not-for-profit corporations or charitable organizations whose purpose includes the improvement of housing.
Income restrictions apply and preference will be given to applicants whose average incomes do not exceed the median income for the county in which the park is located. Click here for a chart showing the median income for each county.
For further information contact Mark Flescher, Vice President, Special Projects at (212) 688-4000 x493.
Last updated: 11/14/2008 6:13:36 PM