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Low income residents of converted parks apply for individual loans to the entity that has purchased the park.Ĭalifornia Department of Housing and Community Development (HCD) PMC Financial Services Purpose: Finance the preservation of affordable mobilehome parks by conversion to ownership or control by resident organizations, nonprofit housing sponsors, or local public agencies.Įligible Activities: Purchase (conversion) of a mobilehome park by a resident organization, nonprofit entity or local public agency rehabilitation or relocation of a purchased park purchase by a low income resident of a share or space in a converted park or to pay for the cost to repair low income resident’s mobilehomes.Įligible Applicants: Mobilehome park resident organizations, nonprofit entities, and local public agencies. Mobilehome Park Rehabilitation and Resident Ownership Program MPRROP

Community Housing Expansion of Austin (CHEA).

Members elect a board of directors, which appoints committees to carry out various tasks and manage the day-to-day operations of the organization. There are many benefits to living in a ROC.Įveryone has a say in the way the ROC is run, and major decisions are made by democratic vote. Members continue to own their own homes individually and an equal share of the land beneath the entire neighborhood. Each household is a Member of the cooperative, which owns the land and manages the business that is the community. In a resident-owned community (ROC), homeowners form a non-profit business called a cooperative. What is a Resident Owned Community (ROC)?

Protects your park from ever being closed or changed to another use.

Builds your park into a real community and improves its quality of life.

Avoids the consequences if local rent control is ever lost or compromised.

Stabilizes your monthly housing expenses over the long term.Properly done, converting the park where you live to resident ownership: Resident ownership of MH parks is a very positive goal, for many reasons. Resident Ownership of Manufactured Home Parks If you'd like to contribute information to the database, please contact the MHPHOA. We welcome input from our audience regarding additions and/or corrections to the data currently available. Sunday, Novem– The MHPHOA have been continually researching and developing a database of Resident Owned Communities (ROC) aka Resident Owned Parks (ROP) in the State of California. Resident Owned Communities – Buying Your Mobile Home Park