How is a resident-owned community different
from other manufactured home communities?
Every member household has a vote on the co-op leaders and budget.
• The members elect a board of directors, which appoints committees to do different tasks and manage the day-to-day operations of the organization. Northcountry Cooperative Foundation provides the board with a management guide and teaches board members effective ways to run the cooperative.
This includes, but is not limited to, how to set up a financial record-keeping system and how to use resources to improve the roads, water, electric and wastewater systems.
• In an investor-owned community, even though residents own their homes, the park owner controls the lot rent and the park rules. He or she also has control over the condition of the community – including roads, water, electric, wastewater systems and landscaping. Each time the community is sold to a new owner, the rent is likely to increase.
• In an investor-owned community, the theory is that if you don’t like how the park is being managed, you can move your home. But “mobile” homes these days are not very mobile. Many homes could not withstand the move. Affordable lots are hard to find. If you live in a park without protection from skyrocketing rent or even park closure, you could be at risk to lose your home.
• In a resident-owned community, if you don't like how the parks is being managed, you can run for a position on the board of directors and make improvements inside the organization.
This includes, but is not limited to, how to set up a financial record-keeping system and how to use resources to improve the roads, water, electric and wastewater systems.
• In an investor-owned community, even though residents own their homes, the park owner controls the lot rent and the park rules. He or she also has control over the condition of the community – including roads, water, electric, wastewater systems and landscaping. Each time the community is sold to a new owner, the rent is likely to increase.
• In an investor-owned community, the theory is that if you don’t like how the park is being managed, you can move your home. But “mobile” homes these days are not very mobile. Many homes could not withstand the move. Affordable lots are hard to find. If you live in a park without protection from skyrocketing rent or even park closure, you could be at risk to lose your home.
• In a resident-owned community, if you don't like how the parks is being managed, you can run for a position on the board of directors and make improvements inside the organization.
