Preserving Manufactured Home Communities Matters <ul><li>National Housing Conference </li></ul><ul><li>Portland, Oregon </...
US MHC Market <ul><li>50,000 MHC;  </li></ul><ul><li>2.7MM US homeowners  </li></ul><ul><li>Consolidation underway since 1...
Homeowners in MHC are at Risk <ul><li>Vulnerable to: </li></ul><ul><ul><li>Excessive rent increases </li></ul></ul><ul><ul...
Asset-building in self-help, sustainable communities <ul><li>Citizen-led </li></ul><ul><li>Land Security  </li></ul><ul><l...
 
Resident-owned Communities <ul><li>ROC USA: </li></ul><ul><li>15 MHC preserved in 8 states in first 2 years </li></ul><ul>...
ROC USA ™  Network  Certified TA Providers Market Areas: 34 States Copyright 2008 ROC USA, LLC.
 
ROC USA ™  Capital <ul><li>4 loans for $11 million </li></ul><ul><li>60 days or less to close </li></ul><ul><li>Loan Produ...
Pattern of the “field” <ul><li>Before ROC USA: </li></ul><ul><li>Few isolated examples, some at scale (FLA, VT & NH) </li>...
On-line Resources <ul><ul><li>www.rocusa.org </li></ul></ul><ul><ul><li>www.cfed.org </li></ul></ul><ul><ul><li>www.mhoaa....
Upcoming SlideShare
Loading in …5
×

Paul Bradley, ROC USA, LLC

817 views

Published on

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
817
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

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.
  • Paul Bradley, ROC USA, LLC

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

    ×