YOUR EXIT STRATEGY SOLUTION
Ready to sell your mobile home park? You came to the right place.
Ready to sell your mobile home park?
Leaving a Legacy
A Seller’s Perspective on Selling a Mobile Home Park to the Residents
ROCarolinas is part of the Carolina Common Enterprise Cooperative Development Center focused on building affordable housing through cooperative ownership in NC using the ROC-USA model.
What Do We Do?
If the results are promising and the association Members vote to move forward, the association secures a loan through ROC USA® Capital or other lenders.
As an affiliate of ROC USA, ROC CAROLINAS coaches residents of manufactured home communities through the purchase process.
ROC CAROLINAS staff will work with your community’s Board of Directors for years to come, providing training and guidance.
A National Network
In 2020, ROC CAROLINAS became a ROC USA® Network Certified Technical Assistance Provider.
ROC USA is a national networked non-profit social venture that has converted more than 260 manufactured home communities in 18 states to resident ownership, preserving affordability and promoting self-determination for nearly 18,000 families. ROC USA’s cooperative housing business model transitions mobile home communities to resident-owned communities by providing financing and technical assistance so that residents can acquire the land under their neighborhood and determine their own future.
ROC USA has two wholly-owned subsidiaries, ROC USA® Network and ROC USA® Capital, a community development financial institution (CDFI) that makes loans for community purchase, rehabilitation, refinancing, and pre-purchase due diligence.
The formation of a resident cooperative is the first step, as the cooperative purchases the property after undertaking due diligence and obtaining financing. Once the residents own their community, the cooperative becomes the governing body of the community. Bringing together home ownership and cooperative land ownership ensures cooperative Members have an ongoing say in community leadership, rents and neighborhood improvements.