ROC and Roll

Resident Owned Communities (ROCs) have become a thing. This term generally refers to a specific type of housing co-op that engages manufactured home parks. This is a slightly different model than what most people think of when they hear the term housing co-op.

ROC*USA is a national organization based in New Hampshire that has cultivated this model and created a network of partners throughout the US. ROC-USA affiliated communities number over 250 in 16 different states.

What this means is that the resident-owners of the community control their rent and infrastructure. The parks are generally purchased on a limited-equity model to keep land speculation to a minimum. It is about creating a decent home and community. It is keeping true to the American Dream of both material ownership of one’s home and a sense of economic and social justice.

Last spring, John Oliver featured this movement on his show Last Week Tonight (it is worth watching):

 

ROCs create housing security and with it, stability. This model does something else. The people providing technical assistance to the communities undergo a rigorous training program. They help the residents learn how to manage a real estate business together and work with them through the closing. After the closing the community receives on-going support as part of the deal.

The ROC program provides tools to the community to engage personal development. this in turn, creates not just a place to hang one’s hat, but a home based on human dignity and community.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About John McNamara

John spent 26 years with Union Cab of Madison Cooperative and currently helps develop co-ops in the Pacific Northwest. He holds a Ph.D. in Business Administration and Masters in Management: Co-operatives and Credit Unions from Saint Mary's University.
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1 Response to ROC and Roll

  1. Pingback: Co-op Accounting: Business Services Co-op | The Workers' Paradise

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