CAMARILLO : 11 Get Loans to Buy Mobile Home Lots
State officials have announced $478,000 in loans to 11 low-income households in the Rancho Adolfo Mobile Home Estates in Camarillo to help them buy their lots.
The program is part of $3.6 million in loans that the state Department of Housing and Community Development is distributing to low-income residents at mobile home parks throughout the state.
“The intent is to help mobile home park owners purchase their parks,” said John Frith, a spokesman. “This way, it’s guaranteed that the parks will remain housing for the foreseeable future.”
Residents at the Camarillo mobile home park began moving to buy their lots from park owners about two years ago. Many of them purchased their lots with assistance from the city of Camarillo, which used some federal grant funds as low-interest loans.
Frith said the loans to the 11 households are for a 30-year period and are considered a 3% deferred-interest loan.
No one could be reached for comment at the Rancho Adolfo Mobile Homeowners Assn. on Tuesday afternoon.
Low-interest loans were also given to mobile home parks in Santa Cruz, Ione, San Marcos and Warner Springs.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
