Inside Maine's Push To Let Residents Buy Mobile Home Parks Before Investors Do
Briefly

Dawn Beailieu has lived in Friendly Village, a mobile home park in Gorham, ME, for nearly 30 years, but a recent purchase offer threatens her home. An out-of-state developer intends to acquire Friendly Village and seven other parks for $87.5 million, prompting concerns among residents like Beailieu about potential rent increases and property neglect. Under Maine's law, residents have 60 days to make a counteroffer. Fortunately, recent legislation provides them with stronger rights to combat corporate offers, as mobile home parks constitute a vital component of the state's affordable housing landscape.
"We think we can do it," Beailieu said in an interview with Fox 23 Maine.
"They tend to not care as much about the infrastructure of the park," Carol Cook, another Friendly Village resident, told Fox 23.
Deep-pocketed investors have discovered that mobile home parks can be a lucrative bet in a housing market squeezed by shortages and rising prices.
Maine lawmakers just passed a bill that would give residents a stronger legal footing to match or beat a corporate offer.
Read at SFGATE
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