NEROC

Residents celebrate becoming owners of Colonial Estates. Photo by Mike Gay for Taunton Gazette.

Colonial Estates Embraces Resident Ownership

Homeowners at Colonial Estates in Taunton, MA, now have a new reason to be proud of where they live: they collectively own the manufactured home park. Thanks to a deal closed on August 29th, 2016, residents there no longer pay rent to a landlord, but instead finance their own residents association. There is a visible

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New Staff Members Join CDI to Build Resident Ownership

Affordable housing is much easier to achieve when tenants—and not outside investors—own their land. Our New England Resident-Owned Communities (NEROC) program offers financial security and peace of mind to owners of manufactured homes who live in rental communities. NEROC secures and protects affordable housing by uniting neighbors to buy the land they currently rent and

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The team that converted Triangle Court

Climbing Rents Reversed as Triangle Court Goes Co-op

Triangle Court, a mobile home park at the foothills of the Green Mountain National Forest in Brandon, VT, is under new ownership. With help from CDI, the park residents have united to purchase the park, and it is now a resident owned community. Under threat of an outside sale, the residents banded together in two short

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The new owners of Oak Hill Mobile Park

Cooperative Ownership Unites Oak Hill Mobile Home Park

Homeowners in the 247-home Oak Hill Mobile Home Park took a big step toward securing their financial futures when they collectively bought their neighborhood as a resident corporation this week. The Oak Hill Taunton Residents Association Inc. Board of Directors said the purchase process has already brought the community closer together. Kathy Zorotheos, president of

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New Co-op Owners Celebrate Saving 40 Units of Affordable Over-55 Housing

Residents of Rustic Pines Estates, an age-restricted over-55 manufactured home community located off of Plain Street in North Attleboro, have taken a giant leap forward in securing their own destiny by purchasing their park to own and run it themselves. The purchase was facilitated by ROC USA Capital, which also provided funding for the $1,350,000

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The new owners

Meet Maine’s Two Newest Resident-Owned Communities

The residents of Sunset Terrace Mobile Home Park in Rockland and residents of Sunset Acres Mobile Home Park in Thomaston recently secured funding support from the Genesis Community Loan Fund in Brunswick, Camden National Bank in Camden, and Maine State Housing Authority (Maine Housing) in Augusta, to become the 7th and 8th Resident Owned Communities

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Turnpike Park Cooperative residents hold a banner saying "We Own It!"

CDI Seeking Full-time Housing Program Specialist in Southeast MA

As we continue to grow the New England Resident Owned Communities Program, we are looking for one new team member to join us in southeast Massachusetts at full-time. Please see the summary job description below, and the full description: Position Housing Specialist SE MA 2016. Position Overview: Successful candidate will work as a Housing Program Specialist

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CDI Seeks 2 New Housing Program Specialists–MA & VT

As we continue to grow the New England Resident Owned Communities Program, we are looking for two new team members to join us: one in Vermont at full-time and one in southeast Massachusetts at part-time (with the possibility of increasing time in the future). Please see the summary job description below, and the full descriptions:

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Meet the Proud New Land Owners at North Ave Co-op

CDI recently helped more than 100 community members in Burlington who were at risk of losing their homes earlier this fall find an innovative way to keep them. Vermont Public Radio caught up with residents to discuss how they formed North Ave Co-op and the first of its kind financing deal that made it possible.

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