March 30 2022
Havenpark Communities Doubling Number of New Quality Affordable Homes in Michigan Manufactured Home Community
River’s Edge Also Sees $6.1 Million in 2021 Residential Improvements from Havenpark
CLINTON TOWNSHIP, MICHIGAN (March 30, 2022) – Havenpark Communities, an operator and developer of manufactured home communities, is adding substantial affordable housing stock to its property in Clinton Township. The company announced today that it is on track to more than double the number of affordable homes at its River’s Edge community since acquiring the property in 2020.
Many private manufactured home community operators, including Havenpark, frequently acquire properties, invest capital to upgrade the communities and bring in new home stock, providing a viable, long-term housing solution to residents living in the property. This model, where available, has proved to be effective solution to the affordable housing crisis the U.S. is currently facing.
River’s Edge will have close to 1,000 homes on site by the end of 2022, an increase from the 475 homes in August 2020 when Havenpark bought the property. To keep up with the growth, Havenpark last year spent $6.1 million on capital improvements, ranging from adding a playground to improving roads and to upgrading a recreation center. The company has pledged another $1.5 million this year to continue improvements.
“The need for affordable, properly maintained houses has never been higher and manufactured homes continue to play a big part in solving this crisis,” said Havenpark Communities CEO and Co-Founder Robbie Pratt. “The investments we put into these communities will continue to add value and make these properties highly sought after by people looking for quality, affordable housing.”
The River’s Edge project is just part of the Havenpark’s growth strategy, after the company announced last month that it would add more than 1,000 affordable homes across its nationwide community portfolio throughout 2022. Havenpark, which added more than 500 new affordable homes to its properties last year, continues to make supplying quality, affordable housing a top priority in the markets it serves.
Even with hundreds of new factory-homes scheduled to be delivered over the course of this year, they are expected to be filled quickly, and will be available to either rent or purchase. Demand at River’s Edge is strong, and homes must be reserved in advance as they are typically spoken for by the time they become move-in ready. With recent improvements, the community now boasts two playgrounds, two pools, a recreation center and open spaces for picnics and cookouts.
“We are instilling a real sense of community and Havenpark is proud to play its role through constant improvements to enhance the residential experience,” said Melisa Kirvan, the community manager at River’s Edge. “The residents love the privacy compared to apartments as well as the neighborhood feel and all the amenities.”
Havenpark Communities is an operator and developer of manufactured home communities and makes caring communities attainable for responsible residents across America. Havenpark Communities believes in respectful and professional management, well-maintained communities, and attainable homeownership. Havenpark Communities makes long-term investments in its communities, providing enduring value for current and future residents.