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State Board Announcements
We would like to congratulate the Community Loan Fund and ROC-NH on reaching 100
resident owned communities. - Lois Parris, President MOTA New Hampshire
We did it! 100 resident-owned communities in NH!
We’ve reached 100. That is, 100 resident-owned manufactured-housing communities in little New Hampshire.
Will you help us spread the good news?
The 54 homeowners at Big W Mobile Home Park in Derry last week became the 100th resident-owned community in NH. This is a historic milestone for the
New Hampshire Community Loan Fund and our ROC-NH™ team. It’s also evidence of the growing interest in and enthusiasm for resident ownership, and of
the strength of this affordable housing sector.
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.
Perhaps the most remarkable element of our First 100 story is that in the 27 years since our first conversion, through boom and bust economic and real estate
cycles, not one park has failed!
That statement speaks not only to the resourcefulness and resilience of the co-ops, it tells us that ROC-NH’s strategy of training and working closely with
community leaders, and supplying intensive assistance when needed, works.
Resident-ownership also means that the NH homeowners have access to the Community Loan Fund’s NEXT Award-winning Cooperative Home Loans. The
only program of its kind in the US, Cooperative Home Loans have provided fair, fixed-rate mortgage and home-equity loans to more than 500 homeowners and
homebuyers in manufactured-housing cooperatives.
For 27 years, we’ve turned investments into loans and education to create opportunity and transform lives across NH. We invite the many individuals and
institutions that donate to, invest in, or partner with the Community Loan Fund in any way to celebrate our First 100 with us.
We hope you’ll help us spread the news of our achievement to your audiences through your newsletters, social media and other communication channels.
Steve Varnum, our communications director, will be happy to supply any material you need.
Thank you.
Craig W. Welch, Vice President of Housing
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