
Private Equity Is Turning Mobile Homes Into Health Hazards. What Can Governments Do?
This story is the first in a series on manufactured housing and solutions to help mitigate threats facing mobile home residents, from private equity ownership to climate change.Four years ago, Valeria Steele’s West Virginia mobile home park was purchased by Homes of America, a subsidiary of well-known “vulture fund” Alden Global Capital. The private equity giant has become infamous for buying distressed newspapers, cutting staff, offloading assets and loading them with debt.
“They don’t make a...
“They don’t make a...