ROC Stands for Resident-Owned Community
A major trend among manufactured housing communities is the effort of residents to organize and purchase the community they live in.
Many independent or small owners are looking to sell and retire. While many retiring owner/operators sell to larger real estate portfolios or REITS, others turn to residents to take ownership.
ROC USA Helps in Creating Resident Ownership
ROC USA is a New Hampshire-based non profit organization that helps residents buy the communities they live in. It assists with business planning, articles of incorporation and finding or providing financing, among other items.
A resident-owned community allows the homeowner to also own the land their home is on. A committee of residents also helps to form community rules and regulations in a resident-owned community.