165 manufactured homes saved from private equity in Adirondacks

165 manufactured homes saved from private equity in Adirondacks

Residents in a small Adirondack town in Essex County recently used a new housing statute and millions of dollars in public financing to block the sale of their 165-unit manufactured home park to a private equity firm. It marks the first time the provision of the state’s right-of-first-refusal statute has been used since it became law in 2023.  State housing officials said last week that residents of Cascade Acres in North Elba were able to form …