Developing and managing affordable housing for the acquisition of all is both challenging and highly rewarding, but most of all necessary.
Nowadays cities and towns are in continuous and unstoppable expansion, demanding more affordable living spaces while there is a limited supply of new manufactured and modular home communities. Many families in today’s market can not afford the high cost of real estate market value and rents, our affordable housing solution gives families a chance to improve their quality of life comfortably and safely with us walking them throughout the process.
Why do we invest in Affordable Housing?
Limited Number of New Developments
There is an artificially limited supply of new manufactured and modular home communities. Most current and maintained communities are at their capacity, while old communities in the cities are being repurposed and the rest are either being renewed or abandoned.
New communities are hard to develop. Cities and counties have tougher regulations and approval processes that restricts developing these communities. Our vision is to take those regulations and set new standards for manufactured home communities. We work with government officials to create a friendly, orderly and high quality communities the cities and counties are proud to have.
Constant Demand for Affordable Housing
No matter the economic environment of the country, there is always demand for affordable living spaces. More than 20 million Americans live in manufactured houses, more than 6.5% of all households.
The United State has started shifting its focus to increase domestic manufacturing, creating more lower-income jobs. Those people will be looking for affordable living spaces near their work.
Retirees also represent an important target group since they are retiring with lower incomes and are downsizing to more affordable housing.
Stable Investment and Cashflows
Income-producing affordable housing is always in demand and thus is more likely to maintain its stability during economic downturns than other investments.
The manufactured home market has specially low volatility due to the cost involved in transporting the unit to another community or lot.
Tenants tend to keep the land-lease lots for many years. Property owners see low rotation and thus have lower management costs than apartment complexes or condominiums.
Land-backed Low Risk
Most of our projects are backed by the land and construction they are built on. Our land-lease communities constantly appraise in value.
If tied to the lot, both the land and the manufactured home can appraise in value together. These manufactured homes can range in values from $20,000 to $200,000 in all sorts of configurations for different target markets.
Lanzola has been exploring the affordable housing market and has found great and attractive opportunities for our investors. The main characteristics of our offering are the following:
Stable and Periodic Cashflows
Low Risk and Resistant to Economic Downturns
Both Short & Long Term Investments
Trustworthy Management Team