Scaling Co-op “Mobile Home Parks”

Cooperatives ConferencePhiladelphia, PAJune 13, 2012

Scaling co-op ownership of MHC

• Based on 29-years market experience• 50,000 U.S. communities, with 2.7

million homeowners• Compelling mission: meets

homeowners’ desire for security• Standardized zero-equity co-op • National brand & QC• Local, expert pre- and post-purchase

TA & coaching • National pool of capital for financing• Long-term market supports, including

community leadership & SF financing

ROC USA® Network

8 Technical Assistance Providers operating in 22 states.

Since May, 2008: • 35 new MHC co-ops in 12

states – OR, WA, MT, UT, TX, MN, NY, DE, CT, MA, VT, NH

• 2,200 homes preserved• $72MM in financing secured

Copyright 2011 ROC USA, LLC. 5

ROC USA® Network Certified TA Providers: 8Market Areas: 22 States

ROC USA® Capital

• 13 loans for $28 million in the last 3 years

• Contract to Closing – avg. 66 days

• Loan Product - 110% LTV Financing 10-15 years

• Small and Large MHCs - $1-$10 Million

• Innovative participation loan model

• Certified CDFI

For more information:

www.rocusa.org