Lakeview Residents Vote to Become Owners!
The residents of Lakeview Mobile Home Park, in Shelburne, Vermont voted last month to form a cooperative, and with the assistance of CDI, Champlain Housing Trust and The Housing Foundation is now on the path to becoming the newest resident-owned community in the ROC USA Network, preserving 64 units of affordable, privately owned housing.
According to news reports, “the crowd was buzzing with anxiety and there was standing room only as residents of Lakeview Mobile Home Park, in Shelburne, Vermont, finally met to hear their options after the owner announced plans last month to sell the mobile home park.Toward the end of the meeting, organizers asked for a clear direction. In two informal polls by a show of hands, the residents unanimously decided to set in motion the process of forming a co-op to buy the park. ‘We want to save our home,’ resident Chrissy Reyome said after the meeting.”
CDI’s Andy Danforth, Program Director for NEROC, was in attendance, and explained that over 100 percent financing was available, and that rent would cover the mortgage and the services provided by the co-op. Once converted to resident ownership, members of the co-op would be able to form their own governance committees, manage the community, set their own rents, and contract for services such as snow plowing. They would own it outright.
Coverage from the Shelburne News
Lakeview Residents Move Forward to Create Co-op