NBC News covers senator’s investigation into corporate-owned manufactured housing

Last week, Senator Maggie Hassan of New Hampshire launched an investigation into six corporate owners of manufactured housing communities, including Alden Global Capital’s Homes of America. PESP has been tracking allegations of mistreatment of Homes of America residents for years, including a 2024 report on the subject co-authored with MHAction. 

In her letter to Alden, Senator Hassan letter directed the corporate landlord to provide the committee with a wide range of information, including:

• Documentation of Homes of America’s ownership structure;
• Internal documentation of strategy related to rent increases, resident fees; operating cost management; resident turnover and organizing; the use of public financing; and the use of tax incentives, including Opportunity Zones
• Number of manufactured homes rented by Homes of America
• Documentation of recapitalization or other refinancing of Homes of America communities
• Standard lease agreements, arbitration clauses, and community rules

According to the Senator’s letter, Alden and the other corporate landlords at the center of the probe were asked to provide the requested information by January 5, 2026. 

PESP’s expertise on Alden and its manufactured housing investment was featured in NBC News coverage of the Senator’s letter. 

Jim Baker is executive director of the Private Equity Stakeholder Project, a nonprofit watchdog organization that analyzes the impact the industry has on health care, housing, climate and jobs. His group has reported on private equity’s investments in manufactured housing, and he said he welcomed Hassan’s investigation.

“Mobile home residents across the country have reported rent hikes as high as 100%, exorbitant junk fees, poorly maintained water systems and facilities, and unjust and aggressive evictions,” he said in a statement. “Put simply, wealthy investors are squeezing every last cent from some of our most vulnerable and least-resourced communities in the name of profit.”

For more on Alden Global Capital and Homes of America, see the following PESP research and coverage: 

• Private Equity Manufactured Housing Tracker
• Vulture Wars: Alden Global Capital’s Assault on Manufactured Housing Residents
• Alden Global’s Homes of America pleads guilty in Michigan criminal case; must pay fine and sell property
• Report examines public health impacts for tenants in Homes of America manufactured housing