Many thanks to ROCUSA Capital and the Cooperative Fund of New England for providing financing! Also, stay tuned for pictures and a press release.
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 (rocusa.org), which has ensured that nearly 7,000 units of housing will remain permanently affordable.