Co-op ownership puts residents in charge of their communities
Whether you and other residents are just starting to think about trying to buy your manufactured housing park, or whether yours has been a resident-owned community for 20 years, ROC-NH™ exists to support you. Our services include:
- Presenting the options available to residents when a park is for sale
- Guiding homeowners through the process of deciding whether to form a co-op, create a board of directors and committees, seek a loan, and buy the park
- Loaning funds, and/or working with the co-op to get other loans and/or grants for predevelopment work, deposit financing and purchase
- Conducting a “Boot Camp” for boards of new resident-owned communities
- Providing, as needed, ongoing planning and technical assistance and loans for facility repairs or improvements
- Building strong co-op boards and engaged members through a biennial conference, leadership training, management guide and The Cooperator newsletter, as well as consulting services
- Working with other lenders and government agencies to increase the resources available to resident-owned manufactured housing communities
Cooperative ownership of manufactured housing parks puts residents in charge. As a democratic body:
- You decide when, why and by how much rents will rise.
- You decide whether and when the park will close, or expand.
- You decide when and how to improve streets and water, sewer and electrical systems.
- You create and enforce the co-op’s rules.
Starting with the Meredith Center Cooperative in 1984, residents have purchased and managed more than 110 manufactured-home (sometimes called mobile home) communities in New Hampshire. These co-ops provide affordable housing to close to 6,300 families. No co-op has failed, or reverted to private ownership.
ROC-NH is a program of the New Hampshire Community Loan Fund, Inc. and a ROC USA® Certified Technical Assistance Provider
ROC-NH is a registered service mark of ROC USA®, LLC