The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has failed, through good and bad economic times over 27 years. The NHCLF provides financing and support for people of modest means to have decent, affordable housing. ROC-NH is part of ROC-USA which has been converting LLCs to cooperative ownership since 1984. Resident-ownership also means access to Cooperative Home Loans, a program which provides fair, fixed-rate mortgage loans to residents of MHCs. Craig Welch, vice president of housing wrote in his email to MHProNews.com, “The Derry homeowners join more than 5,600 others in NH, and another nearly 1,500 homeowners in 22 communities in the ROC-USA network, who enjoy the security, stability and affordability that cooperative resident ownership provides.”
