With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70 homesite community became a Wisconsin limited-equity housing co-op corporation. The Northcountry Cooperative Foundation (NCF) provided leadership and technical support to the residents, marking the seventh conversion for the non-profit in Wis. and Minn., placing 530 homesites under resident control. Nearly all the households in Kenosha’s Prairie Lake Estates became members of the co-op. NCF will continue providing support and guidance to Prairie Lake, as MHProNews has learned from Warren Kramer, Exec. Dir. of the non-profit. ROC USA, also a non-profit but on a national scale, specializes in conversions to community ownership, and has assisted in converting 49 communities in 14 states, representing $116 million in financing.
(Photo credit: ROC USA)