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                                                                      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 Management Limited Partnership                         Illinois
                                                         
MHC Financing Limited Partnership Two                      Delaware
                                                         
Blue Ribbon Communities Limited Partnership                Delaware
                                                         
LP Management Corporation                                  Delaware
                                                         
MHC-QRS, Inc.                                              Delaware
                                                         
MHC-QRS Two, Inc.                                          Delaware
                                                         
MHC-QRS Blue Ribbon Communities, Inc.                      Delaware
                                                         
MHC Lending Limited Partnership                            Illinois
                                                         
MHC-Lending QRS, Inc.                                      Illinois
                                                         
MHC-DeAnza Financing Limited Partnership                   Illinois
                                                         
MHC-QRS DeAnza, Inc.                                       Illinois
                                                         
MHC-DAG Management Limited Partnership                     Illinois
                                                         
MHC-Bay Indies Financing Limited Partnership               Illinois
                                                         
MHC-QRS Bay Indies, Inc.                                   Illinois
                                                         
MHC Systems, Inc.                                          Illinois