What are resident owned communities?
A resident owned community, or ROC, is a manufactured home community that is owned by the residents who live in the community. Resident homeowners form a corporation to own and operate the community. The corporation is democratically managed, with one vote per household, and the day-to-day operations are overseen by a member-elected board of directors. There are now 22 resident owned communities in Montana. Resident ownership is a proven-successful approach for housing preservation and community development.
The benefits of resident ownership include:
- Housing stability and affordability
- Security for residents
- Resident control over maintenance and repairs
- Improved individual and community health and welfare
- Increased community safety
- Resident leadership development
- Higher resale value of homes