The Chisago County Press in Lindstrom, Minnesota tells MHProNews the Stonegate MHC is only the fifth community in the state to become owned by the residents. Stonegate Residential Corporation recently closed on the financing to make the 50 home site a co-op with the assistance of NorthCountry Foundation (NCF), which will continue to advise the residents by virtue of a 15-year contract. Twenty-seven residents signed on as members of the new corporation. Residents who did not join will continue paying rent, now to the corporation. As these non-members leave the community, the by-laws state incoming residents must join the co-op.
(Photo credit: Resident Owned Parks)