Friday, December 2, 2011

Homestead Acres Vermont's newest Resident-Owned Community

Congratulations to the 26 residents of Homestead Acres Mobile Home Park in Swanton, VT for officially purchasing their community today! The residents' association, Homestead Acres Co-op, is the second to take ownership of a manufactured housing community or "mobile home park" in the State of Vermont in less than half a year--this after an 18 year period in which no resident owned communities were developed in the state. CDI provided the cooperative with pre-closing technical assistance and will provide ongoing support for years to come! Homestead Acres Co-op joins a nationwide network of 117 resident owned communities developed according to the ROC USA limited equity model (, which has ensured that nearly 7,000 units of housing will remain permanently affordable.

Many thanks to ROCUSA Capital and the Cooperative Fund of New England for providing financing! Also, stay tuned for pictures and a press release.

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