Ninety of the homes have been moved to other parts of the community—which had a vacancy rate of 40 percent– or to other MHCs owned by MC. University of Colorado Denver sociologist Esther Sullivan says Harris County has almost 50,000 manufactured homes, and while records are not kept of MHCs that closed, her study suggests more closed during the housing boom than after the housing collapse.
Mark Coleman, chief executive of MC Equities, which is the managing member of Timbercrest Partners, said, “We felt that we could consolidate those homes within the existing framework of the mobile home park and not displace residents, while still being able to accommodate increased demand for multi-family rental units as well as future retail.” He added there are no plans for added development at Timbercrest, noting their primary business is the ownership of residential properties.
Most complaints are not coming from within the MHC but from neighbors who do not want the traffic and congestion of a WalMart next to their homes and across the street from an elementary school. ##
(Photo credit: MHVillage-Timbercrest Village)
