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Shortly after its incorporation, the company purchased 55,000 acres (220 km 2) of land just north of Albuquerque, New Mexico, dubbing the new town Rio Rancho, New Mexico. It planned to subdivide and resell it to retirees and out-of-state vacationers. Rio Rancho slowly grew to a population of 1,000 by 1970.
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
Clayton Home Building Group committed to donating $300,000 to support the program. [71] Clayton Homes also partners with Family Promise to donate several homes per year to families who have experienced homelessness. [72] In 2021, Clayton Homes donated $450,000 and 3 off-site built homes to be used to prevent family homelessness. [73]
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Mesa del Sol was approved as part of a public-private partnership strategy with the New Mexico, Albuquerque and University of New Mexico. It has been in planning stages since the 1980s. In 2002, after an open bid process, the New Mexico State Land Office selected Forest City Enterprises as the developer of Mesa del Sol. The project broke ground ...
The corporation filed for bankruptcy in 1989, and reorganized as Cardinal Realty Services, Inc., a real estate ownership and management company. Cardinal Realty Services, Inc. was listed on the New York Stock Exchange [CRSI] before merging with Equity Residential. [3] Ownership of many properties transferred to Equity Residential. Today many of ...
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