Manufactured Homes in Resident-Owned Communities: Affordable Opportunities to Own a Home

• February 28, 2022
• Housing

The state of affordable housing in New Hampshire is in crisis mode. Statewide, there is a critical shortage of affordable housing, and it’s putting a strain on working families and preventing businesses from recruiting and retaining workers. Communities are searching for solutions to provide all residents with housing regardless of income, and resident-owned communities (ROC) have emerged as an affordable option.

ROCs are private communities of manufactured homes that are cooperatively owned by residents. These homes are smaller than conventional single-family homes and provide an affordable option for people who couldn’t otherwise afford to buy a home. Mortgage costs for these homes are significantly less than rentals of similar size and taxes are relatively low.

Another benefit to manufactured homes in ROCs is that they provide a good option for young professionals, older adults and individuals with disabilities. They are one-story homes and ramps can be easily installed. New manufactured homes in ROCs are high-quality and customizable, and they offer energy-efficient features.

New manufactured homes in ROCs will play a critical role in addressing the housing crisis.

Learn more about manufactured homes in ROCs in the video below, produced by the NH Community Loan Fund with funding from Monadnock United Way. If you are interested in exploring ownership of a manufactured home, contact the community loan fund: 603 – 224 – 6669 or visit www.comunityloanfund.org