Back in the early 1980s when interest rates were running around 15 percent, veteran North Carolina builder Homer Wright constructed Northridge Mobile Home Park in Eden, North Carolina so those of modest means could find an avenue to affordable homeownership. The manufactured home community has 130 home sites, and at one time they were all filled, according to greensboro.
Looking to the future as he developed Northridge, Wright made the home sites large enough to accommodate stick-built homes. Now, as people have moved their manufactured homes, often to their own land in other parts of the county, he has begun a development of site-built homes. None of the MH owners are being forced out, but as they move, homes are going up in a subdivision now renamed Summit Place.
Just as he encouraged homeownership in the past, MHProNews understands Wright is laying similar groundwork: His houses start at $89,500 as a draw for first time homeowners and retirees. ##
(Photo credit: google photos -Northridge Mobile Home Park)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.