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Preserving Manufactured Home Communities MattersNational Housing Conference
Portland, OregonMay 17, 2010
US MHC Market• 50,000 MHC; • 2.7MM US
homeowners • Consolidation
underway since 1990s
• Largest source of unsubsidized affordable housing in the US
Homeowners in MHC are at Risk
Vulnerable to:– Excessive rent
increases– Poor
infrastructure and maintenance
– Community closure and displacement
Asset-building in self-help, sustainable communities
• Citizen-led• Land Security • Decent Home
Financing• Physical
Improvements• Weatherized
or Replaced
Resident-owned CommunitiesROC USA:• 15 MHC
preserved in 8 states in first 2 years
• 1084 homes• $34MM in
MHC deals closed
Copyright 2008 ROC USA, LLC. 7
ROC USA™ Network Certified TA Providers
Market Areas: 34 States
ROC USA™ Capital• 4 loans for $11 million• 60 days or less to close• Loan Product - 105% LTV, 10
to 15 year terms• Small and Large MHCs - $1-
$10 Million• Risk mitigation for investors
through innovative participation loan model and on-going TA
• Certified CDFI 10/09
Pattern of the “field”Before ROC USA:• Few isolated examples,
some at scale (FLA, VT & NH)
• Varied “entity” approaches
• Varied strategiesIn sum, non-standardized,
not scale-able, cottage industry
After ROC USA:• Formal NPO network
combining local know-how and a well-connected center
• Standardized approach• Common brandIn sum, a robust scale
initiative aimed at the multiple challenges R-O MHCs face
On-line Resourceswww.rocusa.org
www.cfed.org
www.mhoaa.us
www.consumerlaw.org
www.factorybuilthousing.com