Your SlideShare is downloading. ×
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
596
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • A Social Enterprise – created to make quality, resident-ownership viable nationwide; non-profit, mission-driven, business A Network of certified, non-profit TA providers and trainers – Who are in the business of assisting MHC homeowners acquire, own, and operate their communities; A Financing facility – Created to provide “hard to find” acquisition financing; A National Brand – That represents quality, resident- ownership services, financing, and successful communities.
  • ROC USA is a social enterprise designed to transform the MHC market; Our mission is…To make quality resident ownership viable nationwide and to expand economic opportunities for homeowners in manufactured home communities.
  • Sandy Acres in Buckley, WA
  • DEB – change out map with 34 states (KS)
  • Network TA Providers come with expertise in community organizing, organization development, affordable housing development, water and sewer improvement, cooperative business development. Two NWOs – PathStone and NW-Montana; would like more; Two Rural CAP Agencies (R-CAPs) – CRG and RCAC; Two Cooperative Development Centers – NWCDC and CDI; Serving rural and mixed markets – up-state NY, Pacific northwest, Houston/Oklahoma City/Arkansas. Have existing local partners and networks – CDFIs, USDA, state HFAs, non-profit providers; Each CTAP seeking to educate/attract all their partners/networks to MH Community homeowners.
  • Exclusively a MHC lender; Mike Sloss – expertise as an underwriter and in putting together “pools” of capital (Enterprise); has worked with NCALL, NHSA-CDFI, NCB Capital Impact, NY-HFA.
  • Transcript

    • 1. Preserving Manufactured Home Communities Matters
      • National Housing Conference
      • Portland, Oregon
      • May 17, 2010
    • 2. US MHC Market
      • 50,000 MHC;
      • 2.7MM US homeowners
      • Consolidation underway since 1990s
      • Largest source of unsubsidized affordable housing in the US
    • 3. Homeowners in MHC are at Risk
      • Vulnerable to:
        • Excessive rent increases
        • Poor infrastructure and maintenance
        • Community closure and displacement
    • 4. Asset-building in self-help, sustainable communities
      • Citizen-led
      • Land Security
      • Decent Home Financing
      • Physical Improvements
      • Weatherized or Replaced
    • 5.  
    • 6. Resident-owned Communities
      • ROC USA:
      • 15 MHC preserved in 8 states in first 2 years
      • 1084 homes
      • $34MM in MHC deals closed
    • 7. ROC USA ™ Network Certified TA Providers Market Areas: 34 States Copyright 2008 ROC USA, LLC.
    • 8.  
    • 9. ROC USA ™ Capital
      • 4 loans for $11 million
      • 60 days or less to close
      • Loan Product - 105% LTV, 10 to 15 year terms
      • Small and Large MHCs - $1-$10 Million
      • Risk mitigation for investors through innovative participation loan model and on-going TA
      • Certified CDFI 10/09
    • 10. Pattern of the “field”
      • Before ROC USA:
      • Few isolated examples, some at scale (FLA, VT & NH)
      • Varied “entity” approaches
      • Varied strategies
      • In sum, non-standardized, not scale-able, cottage industry
      • After ROC USA:
      • Formal NPO network combining local know-how and a well-connected center
      • Standardized approach
      • Common brand
      • In sum, a robust scale initiative aimed at the multiple challenges R-O MHCs face
    • 11. On-line Resources
        • www.rocusa.org
        • www.cfed.org
        • www.mhoaa.us
        • www.consumerlaw.org
        • www.factorybuilthousing.com

    ×