It was called “monumental,” “pioneering,” and “the most important affordable housing project in New England,” but when the recession hit, the Gile Hill housing development faced foreclosure. The Community Loan Fund stepped in with flexible capital to keep the project afloat.
Derek Cornell and Kim Kirk aren't afraid of hard work. Leading a cooperative effort to buy and manage their North Country manufactured-home park was the right thing to do because "good people live here and we want them to have a good place to live.”
The Scanlons were among the many thousands of homeowners crushed by the recession of the late 2000s. Bankrupt and heartbroken, living in a tiny subsidized apartment, they reached out to the Community Loan Fund. Five weeks later, they were homeowners.
Three of New Hampshire’s resident-owned communities found a way to pass their opportunities down to the next generation of co-ops, while at the same time growing their reserve accounts.
Residents have successfully pushed for fairer treatment under state law of manufactured-homes and resident-owned communities, and for real mortgages for manufactured homes.
Members of New Hampshire’s manufactured-housing cooperatives lead a national movement. The ripples that begin with ideas and solutions created in resident-owned communities (ROCs) here are spread across the country by ROC USA.
New Hampshire celebrated its 100th resident-owned manufactured-home community in 2012. We asked residents to predict what the next 100 might bring. Their answers: a national network, buying and political power, conventional mortgage loans, and preferred vendor lists.
In 2003, Pine River Mobile Home Park in Ossipee was ordered closed by the state and put up for sale. Its 35 families had nowhere to go. Flexible loans from the NH Community Loan Fund, and a boost from the town police chief, helped them save their homes and start rebuilding their community
The name of the mobile home park in the shadow of the White Mountains was Scenic View, but the view within the park was anything but. That was before a residents cooperative bought it and turned things around. Now it's a place where people want to live.
Medvil Cooperative overcame a difficult conversion to resident-ownership by "tapping the talent"--discovering residents' skills and talents to get them involved in community life.