. . . EXHIBIT 21 MANUFACTURED HOME COMMUNITIES, INC. SUBSIDIARIES OF THE REGISTRANT State of Incorporation or Organization ---------------------- MHC Operating Limited Partnership Illinois MHC Financing Limited Partnership Illinois MHC Financing Limited Partnership Two Delaware Blue Ribbon Communities Limited Partnership Delaware MHC Lending Limited Partnership Illinois MHC-DeAnza Financing Limited Partnership Illinois MHC Bay Indies, L.L.C. Delaware MHC Stagecoach, L.L.C. Delaware