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-home (sometimes called mobile home) 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 “Boot Camps” 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 online newsletter, as well as consulting services
- Working with other lenders and government agencies to increase the resources available to resident-owned manufactured-home communities
Cooperative ownership of manufactured-home 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 113 manufactured-home (sometimes called mobile home) communities in New Hampshire (see map). These co-ops provide affordable housing to nearly 6,400 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.