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Set of MHCs Becoming Resident-owned

EnterpriseNews tells us 450 MHC homeowners from two different MHCs in Carver, Massachusetts, in the southeast part of the state, may soon become their own landlords. The nonprofit ROC (resident-owned communities) is assisting in the $23 million deal for Pine Tree Village and Cranberry Village to become community-owned co-ops, which essentially saved the two MHCs from the jaws of Sam Zell’s Equity Lifestyle Properties (ELS). Headquartered in New Hampshire, and working in 23 states, ROC says of the estimated 50,000 MHCs in the nation, 800-1,000 are resident-owned. MHProNews.com has learned the transaction could be finalized as early as Wed. June 20.

(Photo credit: Amelia Kunhardt/The Patriot Ledger—Susan Roovers with daughter Whitford at Pine Tree Village)

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