In the wake of hurricanes Matthew and Florence, one company bought nearly two dozen mobile home parks in a low-income North Carolina county. Since then, rents have doubled or tripled.
In this photo taken Wednesday, May 29, 2019, resident James Lesane stands at the entrance to his mobile home in Lumberton, N.C. Every month, Lesane pays what he can afford for his mobile home lot rental; $150. But, after the Florida-based company Time Out Communities bought the park, he got a notice in the beginning of this year that his lot rent would be increasing to $465 a month.
Time Out owns 23 properties in low-income Robeson County, many of which were bought in the past two years. At the same time, the county was one of theAll but two of the properties are in Lumberton, where residents say an affordable housing crisis caused by the hurricanes has been exacerbated by Time Out, a Fort Lauderdale, Florida-based company.
“Folks may not be able to do repairs themselves, and if someone comes at them with the right offer, it can be tempting to take,” he said. . There’s not enough rental stock to accommodate people who have been displaced by the hurricanes, placing a strain on affordable housing resources, according to Gunter.
Since April, Shirley Pittman, 69, has been looking for a new place to put her home. She bought her mobile home in 1997 and doesn’t know if it’s in good enough condition to move. She was surprised when her monthly lot rent jumped from $210 to $465 earlier this year.
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