Ownership:
A resident owned park assures home owners of stability over the land they reside on.
A Submission in 2018 from AMHOA discusses the liabilities of tenants with the current Park Owner model and suggests Co-investor and Resident owned models for community protection.

Wealthy individuals or corporations are on the lookout to purchase existing mobile home parks as investments. A recurring theme is Future Redevelopment: "now the value is in building a commercial strip mall or multi-family homes".

A California article discusses the advantages of resident owned mobile home parks.

Canada

2023 Hamilton
Apartment renters work towards forming a co-op to buy their building.


USA
A Summary of the 2018 AMHOA submission discussing Resident Owned Communities (ROC) in the USA.

2024 ROC increase in the U.S.

2024 Minneapolis, Minnesota
Woodloawn Terrace successfully buys the land they live on through a local subsidiary of Roc USA. Thanks to strong recent support from its state legislature, Minnesota has become a hotbed for cooperatives like Woodlawn.

2023 Durango Colorado
Several Colorado MHPs are buying the land under their homes.

2019 Taunton Massachusetts
Residents successfully purchased their park after hearing is was being sold.

2020 Gilford New Hampshire
Ownership by the residents includes responsibilities.

2019 Longmont Colorado residents purchased the land in their 36 home park for $3.2 million.


www.sphoa.ca