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Augusta
Homes is a California non-profit housing organization that creates
long-term affordability through the acquisition, rehabilitation
or preservation of existing mobilehome park communities. Augusta
is comprised of several affiliated corporations that currently own
five mobilehome parks in Southern California.
Unlike for-profit owners or for-profit/non-profit partnerships,
Augusta does not make rent increase, maintenance, capital improvement
or other ownership decisions based on return on investment calculations.
And unlike most other non-profits, Augusta does not make business
decisions based on cash flow distributions. It does not take money
out of one park and distribute it to another. Because our residents
may participate in the budget process they know that their rent
money benefits their mobilehome community and not anyone else’s.
Augusta makes all work program decisions in coordination with resident
groups as part of a formalized resident participation process. During
this process, resident groups meet to discuss and prioritize management,
maintenance, capital improvement, human service and budget issues.
Although Augusta may work closely with resident groups or associations,
all residents, regardless of their affiliation, are invited to participate
in these discussions. Agendas and minutes of meetings (often in
two languages) are distributed to encourage participation. Resident
groups are encouraged to meet and develop park activities and coordinate
special events. They are also encouraged to post meeting notices
and publish and distribute flyers, notices or park newsletters
Augusta currently owns five affordable mobilehome parks and serves
1,700 residents in 757 households. Approximately 556 spaces (73%)
are occupied by low or very low income households. Augusta owns
Villa Montclair Mobile Home Park (97 spaces), Monterey Manor Mobile
Home Estates (140 spaces), Hacienda Mobilehome Park (204 spaces)
in the City of Montclair, Villa del Arroyo (240 spaces) in the City
of Moorpark, and Valley View Mobile Home Park (77 spaces) in the
City of Yucaipa and is currently seeking additional properties in
the Inland Empire.
Augusta acquires properties from for-profit investors
who typically care little about the welfare of their residents
or the impact deteriorating
properties have on the surrounding community, and to the detriment
of their residents, often make rent increase and maintenance decisions
solely on return on investment calculations. Over time, residents
in communities like these seek assistance from their local governments
to help preserve the quality and affordability of their neighborhood.
They ask for government intervention in the form of litigation,
acquisition, rent control ordinances, accords, capital improvements,
rent subsidy programs, etc. Such requests are always politically
sensitive, and they are extremely difficult and time consuming
to
accommodate.
Augusta Homes’ affordable housing program is an economical
and politically feasible alternative government intervention. Augusta
works with cities and counties to issue non-recourse, unenhanced
revenue bonds to finance the acquisition and upgrade of mobilehome
parks. For a per space contribution of $0 $10,000, an absolute bargain
compared to traditional housing programs, local jurisdictions are
able to stabilize housing costs for a vocal constituency, improve
areas that are subject to blight, and add affordability covenants
to hundreds of housing units. Augusta Homes repays the bonds and
loans from project revenues, guarantees the residents a voice in
the management and operation of their park, and provides long-term
affordable housing to the park residents, most of who are lower
income.
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