MHInsider: The Promise of a New Model with a Rich History

Augusta's nonprofit structure means no cash flow is distributed to owners. Revenue returns to community improvements and future acquisitions instead, which is what separates the model from for-profit ownership. Suzanne Taylor describes how tax-exempt bonds and a $15 million Fannie Mae loan financed early growth, and how an all-women management team built resident services around financial assistance, vaccination clinics, and college scholarships.

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