![]() ![]() Helping Mobilehome Park Residents Become Park Ownersĭo you live in a mobile or manufactured home park? Do you want to buy it? PMC Financial Services has been helping resident groups and mobile home park cooperatives to finance their own parks for over 20 years. 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 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. Saturday, Octo– 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. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all activity in the market.Resident Owned Communities – Buying Your Mobile Home Park Please contact us if you cannot properly experience this site. BEX Realty is an equal housing opportunity real estate broker and along with its individual brokers, Realtors® and real estate agents, specializes in luxury waterfront and golf and country club property in Virginia. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. The Virginia Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Information provided is thought to be reliable but is not guaranteed to be accurate, so you are advised to verify facts that are important to you and no warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The detailed listing page about such properties includes the name of the listing Brokers. The listings displayed may not be all of the Homes in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program and properties that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The listing data on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) or additional real estate data sources in which this real estate Broker participates. ![]()
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