Co-op Assumes Responsibility for Managing Community

Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by former owner Morgan Management. Over 60 residents and shareholders celebrated their ownership at the recreation hall with a large cake, the end result of a $4.1 million finance package for the acquisition and repairs, with the help of ROC USA, as well as technical and start-up assistance from the Cooperative Development Institute of Shelburne, Mass. One of the first orders of business for the new owners will be long-needed infrastructure repairs, although as MHProNews has learned, bids are also being solicited for upgrading the roof, windows, electrical system, insulation and handicapped accessible bathrooms in the recreation hall.

(Photo credit: ROC USA–new owners of Wheel Estates)

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