If Bill Stetson and other residents at Green Meadows Mobile Home Park in Concord, New Hampshire so choose, they may become the 114^th co-operative owners of their own manufactured home community (MHC) in the state. A resident of Green Meadows for 31 years, he said, “This is an opportunity that comes up very seldom, for the residents to purchase their mobile home parks. There are a lot of residents that are interested in it.”

As concordmonitor tells MHProNews, New Hampshire law requires an MHC owner to give first rights of refusal to the residents before they offer it for sale to anyone else. If an offer is signed, residents have 60 days to form a co-op and make an offer to buy the community.

ROC-NH (resident owned communities-New Hampshire) is a non-profit program of the Community Loan Fund that helps residents through the process, including finding appropriate financing. Tara Reardon, director of ROC-NH, says, “For the residents, it ensures secure, affordable housing for them for perpetuity.”

Green Meadows has 90 residents among the 109 home sites. Owners Kathy and James Grappone sent notice in August of their intent to sell the community at a price of $4.25 million. The newly-formed co-operative has until Dec. 15 to make an offer. If an agreement is reached, ROC-NH assists the co-op in setting up policies and organizing the finances. ##

(Photo credit: concordmonitor/Geoff Forester-Green Meadows Mobile Mobile Home Park)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.