Resident Ownership in New Hampshire's "Mobile Home Parks": A Report on Economic Outcomes (revised 2010)
Since 1984, the New Hampshire Community Loan Fund has been helping residents of manufactured home communities purchase the land underneath their homes. Since then, homeowners have purchased 80 manufactured home communities and converted them into Resident Owned Communities (ROCs) in New Hampshire. These communities now include 4,200 homeowners. The premise of the loan fund program is that resident ownership provides both an important vehicle for preserving affordable housing and economic benefits to homeowners in ROCs. Until now, no systematic data have been available to confirm the benefits. To fill that gap, the fund contracted researchers from the Carsey Institute at the University of New Hampshire to conduct a study of the economic outcomes of resident ownership. This brief discusses the study.