Residents of manufactured housing parks typically own their homes – but not the parks themselves, which can be incredibly lucrative. Now some residents are forming cooperatives, and taking control
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As private owners work to maximize profit, Roc USA is fighting for a radical oppositional model: resident-owned communities, or Rocs. According to an industry analysis from 2019, the average annual rent increase in privately owned parks is 3.9%. In recent years, according to the Washington Post, some park residents have seen their rents rise much more rapidly, even doubling or tripling. According to a 2020 Roc USA analysis, the average annual rent increase in community-owned parks is just 0.9% – or $3 a year.
For the kinds of people who traditionally live in manufactured housing communities – retirees and low-income earners – the best chance to protect their housing is to take ownership of it themselves.
In February, the Biden administration announced the details of the Preservation and Reinvestment Initiative for Community Enhancement (Price) Act, which Congress passed in 2022 and mandates the creation of a $225m grant to improve manufactured housing infrastructure nationwide. The act, which Roc USA and members of its resident-owned communities lobbied for, marks the first time the federal government has laid out a funded program to support manufactured housing.
its a great concept, but a corrupted HOA is likely. Open books would help.
This isn’t really an HOA, it’s a co-op that manages the properties, that’s pretty different from an HOA, because they need to actually do things, and not just nitpick yards.
Regardless, it’s still better than a landlord, at least you can vote out the board members.
I mean, they can just not form an HOA while still having people own their land.
Communities already do that. I live in one.
It can’t turn into an HOA, because that’s an entire legal process that current landowners need to agree to. Good luck getting people who already live somewhere to form an HOA by choice.