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Augusta Communities, a women-led nonprofit housing organization based in Upland, California, has secured $118.1 million in tax-exempt financing and completed the purchase of nine manufactured home communities across seven California counties.
This expands Augusta Communities’ portfolio to 17 properties, adding to eight existing communities in San Bernardino, Tulare, Ventura and Riverside counties. The newly acquired properties are located in Los Angeles, San Bernardino, Kern, Amador, Tuolumne, Orange and San Diego counties.
Founded by Suzanne Taylor and jointly led with her daughter, Erica Taylor, Augusta Communities acquires and...
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The nonprofit ownership model differs from resident-owned communities, where homeowners may be responsible for governance and infrastructure expenses. Augusta assumes ownership and financial responsibility for property operations, maintenance and capital improvements while providing professional property management. It differs from for-profit models in that decisions about rents and community operations are guided by its nonprofit mission.
Maybe in a crazy woke world all that matters is appearance, but I don’t see any difference in this “unique” structure as compared to what you find in every other mobile home park in the U.S. Maybe we should all adopt this “mission” language in the blue states if that’s what it takes to make them feel good.