Augusta Communities, a Women-Led Nonprofit, Secures Record Tax-Exempt Financing to Preserve Affordable Homeownership in California

UPLAND, Calif., Sept. 21, 2026 /PRNewswire/ -- Augusta Communities, a women-led nonprofit, closed $118.1 million in tax-exempt financing and completed the purchase of nine manufactured home communities across seven California counties: Los Angeles, San Bernardino, Kern, Amador, Tuolumne, Orange and San Diego. This adds to the eight communities Augusta Communities owns in San Bernardino, Tulare, Ventura and Riverside counties, bringing its portfolio to 17 communities and further strengthening its growing presence and commitment to preserving affordable homeownership opportunities across the state.

As California's housing challenges continue to grow, Augusta Communities is demonstrating how nonprofit ownership can expand access to attainable homeownership through a model that is distinctly different from both resident-owned and for-profit communities. Founded by Suzanne Taylor and jointly led alongside her daughter, Erica Taylor, Augusta Communities works with residents, community partners, public agencies and investors to purchase, preserve and revitalize manufactured home communities, creating long-term housing stability for thousands of families, seniors and individuals.

Unlike resident-owned models, Augusta Communities assumes the financial risk and responsibility of ownership while providing professional management experienced in manufactured housing. Residents are not responsible for governing the community or for planning, financing and overseeing infrastructure maintenance, repairs and capital improvements. Augusta Communities also differs from for-profit models because decisions about rents, maintenance, capital improvements and other aspects of community operations are guided by its nonprofit mission to create clean, stable and enjoyable communities. Long-term affordability commitments reserve home sites for income-qualified households, with annual reporting to confirm those commitments are being met.

"When I founded Augusta nearly three decades ago, I believed manufactured housing was one of California's most important pathways to affordable homeownership," said Suzanne Taylor, Executive Director and Chief Executive Officer of Augusta Communities. "That remains true today, and knowing our work preserves these communities still inspires me. Strong communities are about more than housing. They are about giving residents a place to build connections and a sense of belonging, and that is what we intend to bring to the families and seniors here."

The impact of Augusta Communities' nonprofit approach is evident throughout the communities it manages, including at Hacienda in Montclair, where Augusta has invested $2,250,000 in infrastructure improvements and upgraded amenities across 204 home sites. A solar system at Hacienda provides low-cost energy to residents, reducing their utility bills, and resident programming includes education scholarships, a summer camp and a food pantry.

"Manufactured housing is an essential part of the nation's affordable housing solution, providing homeownership to millions of Americans," said Lesli Gooch, Chief Executive Officer, Manufactured Housing Institute. "For decades Augusta Communities has strengthened communities and helped keep homeownership within reach for families and seniors. Their work demonstrates the important role of well-maintained manufactured home communities in providing quality, attainable housing for the long-term."

"We are investing one million dollars over the first three years to make meaningful improvements to these communities, starting with the common areas and bringing in new homes as well," said Erica Taylor, Vice President and Chief Operating Officer of Augusta Communities. "Our commitment extends beyond this initial investment and that means keeping these communities well maintained, strengthening the quality of life for residents and preserving affordable homeownership for the long term."

The nine communities are Alpine Oaks Estates in San Diego County, Magnolia Ridge in Orange County, Ponderosa in Tuolumne County, Meadow Pines in Amador County, Desert Rose Estates in Kern County, Sierra Springs Village in Los Angeles County, and Mission Valley Oaks, Seasons Community and Timber Canyon in San Bernardino County.

Augusta Communities also serves as asset manager for two city-owned manufactured home communities in La Habra.

About Augusta Communities

Augusta Communities is a women-led 501(c)(3) nonprofit housing organization and preferred partner for principals, investors, and public agencies, creating lasting affordable housing solutions through the acquisition, preservation, and rehabilitation of manufactured home communities that provide long-term stability for residents.

SOURCE Augusta Communities