Established in 2008, ROC Northwest is a program of the Northwest Cooperative Development Center serving residents of Manufactured Housing Communities across Washington and Idaho. We help residents form cooperative business, secure financing, and purchase the community in which they live. With each conversion, we also commit to providing ten years of ongoing technical assistance. We work with non-profit lenders to not only secure acquisition funding but to finance major infrastructure improvements. We recognize manufactured home communities as viable forms of affordable housing, and work to preserve them through resident ownership. The ROC Northwest team brings a wide array of specialties catering to the unique needs of manufactured housing community residents and owners. We are equipped to work with diverse populations spanning a wide range of incomes, ethnicities, and races. Our program is supported by the wider ROC USA Network, of which we are a Certified Technical Assistance Provider. ROC USA affiliates have been working to foster resident ownership for over thirty years and support over 200 communities.
ROC Northwest的外部链接
Welcome to the ROC Northwest portfolio- Erland Point Homeowners Cooperative! This marks the 29th limited equity manufactured home community cooperative in Washington. It was a pleasure working with the seller and the JLL team on this transaction.
Excited to announce the successful closing of Erland Point, a 98% leased manufactured housing and RV community in Bremerton, Washington! Anja Jauregui Sean Scroggin Zach Koucos Chris Collins #CommercialRealEstate #ManufacturedHousing #Bremerton #JLL"
It was a privilege to work with Pierce County Community Development Corporation to preserve the affordable housing in this community through cooperative ownership.
The Pierce County Community Development Corporation is awarding $750,000 to a resident-owned cooperative for the purchase of Olga Dor Court, a Mobile Home Community (MHC) for seniors aged 55 years or older in Parkland. Olga Dor Court residents were notified earlier this year that the property owner intended to sell the community, which is a five-acre, 100%-occupied MHC consisting of 48 manufactured housing pads and a single-family residence. With the assistance of the ROC Northwest program at the Northwest Cooperative Development Center, a nonprofit specializing in cooperative development, they formed a resident-owned cooperative to purchase the property to continue its use as affordable housing. Learn more about what Pierce County is doing in the affordable housing space by visiting www.PierceCountyWA.gov/AH.
A little over six months ago Sherwood Village Homeowners Cooperative purchased their 35 unit MHC in Millwood, Wash. With the acquisition the member residents elected to raise their monthly fee by 32%. This was necessary to cover the cooperative expenses (mortgage and operating) plus meet the DSR from the lender. Six months in and there is $0 in accounts receivables! Last weekend the Board hosted a membership meeting to share the initial six month financials and review the cap ex work completed and planned for the rest of the year. Cooperative ownership works!