INHS, a regional affordable housing organization, continues to evolve its footprint by recently purchasing the former Auble’s Mobile Home Park, now known as Compass. The 138-pad manufactured community, located in both the Village of Trumansburg in Tompkins County and the Town of Covert in Seneca County, is the first of its kind added to the nonprofit’s growing real estate portfolio, marking a new business venture for the organization.
INHS purchased the 51-year old development in August 2021 with the intention of improving the overall infrastructure of the community, and providing health and safety and energy efficiency improvements to existing homes over the next three years. INHS is currently working to identify funding opportunities to make the enhancements.
Future plans include removing vacant blighted structures and replacing with energy efficient manufactured homes, making repairs to existing park-owned homes to ensure all safety and code issues are addressed, upgrading existing vacant pads to meet code so they can be rented at affordable rents, installing new roads, sanitary lines, street lighting and landscaping, as well as improving existing water and drainage systems, and providing financing and repair services to existing homeowners to make energy and capital improvements, and quality of life enhancements.
“This is an exciting new endeavor for INHS that aligns seamlessly with our mission of creating and enhancing affordable housing opportunities for our communities. Not only will this allow us the chance to develop new homes but also provide health and safety, and energy efficient upgrades to existing homes,” said INHS Executive Director Johanna Anderson.
She continued, “We feel confident that with our access to resources, grant opportunities, and trained staff we can truly enhance this community and build an even stronger connection between Compass and the Village of Trumansburg.”
Village of Trumansburg Mayor Rordan Hart added, “The transition of the Auble Mobile Home Park into INHS’ expert hands is a tremendous win for the Park’s residents. It is also an amazing opportunity for the Village to partner with the Park’s new owners on infrastructure in that area. I look forward to working with INHS on making dramatic improvements to the entire northwest corner of the Village.”
The purchase also includes over 100 acres of additional land that could be redeveloped for future rental housing. The organization has met with residents of the community to discuss the transition of ownership and future improvement plans, while Keynote Realty will manage the property’s day-to-day operations.