About TAG

The Associates Group for Affordable Housing, Inc. (TAG) was formed in 1988. The initial purpose of the corporation was to educate mobilehome park residents as to how they might purchase the parks in which they reside.

TAG actively participated with many hundreds of resident groups, providing training and advice as to the potential for a park purchase.

As a result of TAG’s efforts, at least 50 parks were purchased with the advice of TAG’s staff. Conversion consulting groups developed and TAG’s donations diminished. The board of directors then amended the corporation’s bylaws and received IRS approval to buy, sell, own and operate housing for the benefit of low to moderate income households, as well as to assist city and county governments to ensure that housing remained affordable.

TAG made its initial purchase in 1999 when it purchaseed a 281 space park in Fullerton, California from Continental Mobile Home Housing (Myron Reichert and Howard Brigham). The purchase was conditioned upon the prior subdivision of the park and resulting sale of individual lots to residents. In December 1999, the option was exercised by TAG and the $19,000,000 park was purchased. Upon the initial purchase, 172 of the residents bought their lots from TAG and TAG held the remaining 109 for subsequent sale. Within one year, over 80% of the total lots had been sold to residents or to people buying homes from residents who have chosen to leave the park. TAG has continued as landlord for those residents who did not wish to buy.

TAG has developed a long term plan which will allow either a direct purchase of parks through bond issues or FHA insured loans, or a combination thereof. TAG also has available other sources for financing, which can assist in its’ purchase of manufactured housing communities.

TAG has developed relationships with some investment capital groups which will assist in the acquisitio of parks with a subsequent refinance to pay for the acquisition capital.

TAG has surrounded itself with a number of very competent people, both on its board of directors as well as its advisory board. If you are interested in contacting Myron Reichert from Continental Mobile Housing for a discussion of the conversion of the Cedarhill park, please use our Contact Us page and we will gladly forward you his contact information.
Very truly yours,

THE ASSOCIATES GROUP FOR AFFORDABLE HOUSING, INC.

GERALD R. GIBBS
President