Committed to resident co-op ownership

Manufactured housing is some of the most affordable unsubsidized housing available. Traditional communities place tenants in the situation of owning their homes but renting the land underneath. Historically, issues occur when rents are drastically increased, the community is not maintained, or worse, the community is closed down.

Resident Co-op ownership is a win-win for both owners and residents. Resident owned communities put control with the residents, allowing homeowners to build equity and creates long-term stability. Simultaneously, resident co-ops provide the selling owner with a fair market price via timely and professional transactions. Depending on State law, owners who are interested in selling to residents can benefit from an exemption for state excise tax, and capital gains tax. Additionally, since no residents will have to move owners can avoid paying any mandatory moving fees.

NWCDC’s staff supports homeowners and community owners through the conversion process by:

• Organizing the co-op and establishing a board of directors and committees
• Arrange financing to the cooperative for predevelopment work, purchase and rehab
• Training and support to co-op owned communities

For more about the results of our work, please watch KTVZ's video here about how "Redmond residents make 'Green Pastures' their own."

NWCDC works in partnership with ROC USA™, Columbia Legal Services, Rural Community Assistance Corporation, CASA of Oregon, Housing Works and The Partnership to End Poverty.

For more information on resident owned manufactured housing communities please contact Ben Dryfoos-Guss at 360.943.4241, all information will be kept confidential.

Residents of Green Pastures Senior Co-op sign up to be members.