A residential community designed for manufactured homes, offering residents the opportunity to own their dwelling while leasing the land on which it sits. These communities typically provide shared amenities and services for the convenience of inhabitants. As an example, consider a development where residents own their houses but pay a monthly fee for lot rental, landscaping, and community upkeep.
Such residential arrangements offer potential cost savings compared to traditional homeownership, as the land lease component reduces the initial purchase price. The communities provide a sense of belonging and shared resources, potentially fostering stronger social connections among residents. Historically, these areas have provided an affordable housing option, particularly for retirees, young families, and individuals seeking budget-friendly living solutions. This has contributed to meeting the evolving housing demands within many regions.
