It’s a situation that’s unfolding in the region and nationwide. Manufactured home communities, among the few remaining affordable housing options, are at risk of being wiped out as investors are purchasing them and either redeveloping the site or raising rents to levels that residents can’t afford, potentially forcing them leave. However, I am very concerned that I will become homeless without resources to secure affordable housing.” The specter of becoming homeless can be a reality. “Unfortunately, I will not be able to qualify for suitable housing. “If this trend continues it will be impossible to maintain a residence in Oak Crest,” the resident wrote. One resident, whose lot rent is equal to 40% of their income, penned an anonymous letter expressing concern about becoming homeless because of Oak Crest’s increasing rents. Manufactured homeowners pay rent to the landowner for the ability to place their property on a lot in the community.
Lot rent for new residents will increase 33% from $595 to $795. In letters submitted to The Spokesman-Review, existing Oak Crest residents indicated their monthly lot rent is increasing nearly 23%, from $365 in August 2021 to $447 as of Tuesday. Now, those residents fear they will be priced out with nowhere to go. Some have lived at the park for decades because of its affordability compared to traditional single-family homes.
Many residents of the more than 400-home community are on fixed incomes, receiving only Social Security and disability benefits. After Orem, Utah-based Havenpark Communities purchased Oak Crest in Coeur d’Alene last year, the investment firm told residents it would be raising lot rent, sending a shockwave of alarm throughout the mobile home park.
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