The Minneapolis-based Carolyn Foundation recently announced the award of $25,000 in grant resources to support new initiatives by Northcountry Cooperative Foundation (NCF) to pursue community solar projects in partnership with interested manufactured housing cooperative clients.
When I first arrived at NCF in the midst of the MHPP program running full-swing, there was one home left that had not yet started its 18-month occupancy requirement: C6 in Madelia Mobile Village.
CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states.
Over several chilly days in late March, NCF staff joined staff from seven other ROC USA Network Certified Technical Assistance Providers (CTAP)s—nonprofit organizations from around the country supporting resident ownership of manufactured housing communities nationwide—in Wilmington, Delaware to celebrate the closeout of a year-long market development initiative designed to widen the scale of resident ownership of manufactured housing nationwide.
As a result of the efforts of NCF’s lobbying representative supported by NCF’s funding partners, manufactured housing cooperatives will no longer be required to issue Certificates of Rent Paid to residents for a benefit for which they no longer are eligible. As manufactured housing cooperatives are ownership projects and receiving preferential homestead tax treatment on that basis, the Legislature no…
On a hot night in August 2014, NCF staff met amidst the red brick and stained glass of the Red Rock Center for the Arts with residents of Fairmont Estates, a 94-site community in South Central Minnesota, in the City of Fairmont. After 25 years of ownership, Ashwood Communities, a Wisconsin-based manufactured housing community owner, had decided to sell its…
PROGRAM CONCEPT The Contract for Title (C4T) Program is a loan program designed to facilitate the sale of NCF-owned manufactured homes. NCF acquired 70 late model manufactured homes through a federal government disposition program. The homes were placed in NCF sponsored Resident Owned Cooperatives (ROCs) to fill vacant home sites. The financing is provided by NCF at 0% interest for…
During the end of 2014, NCF received a $75,000 down payment assistance award from the Federal Home Loan Bank.
With seven manufactured housing cooperatives (and more on the way), consistent with our strategic plan, NCF is moving to explore initiatives that will further build on the asset-building potential of its client cooperatives.
The Rochester Area Foundation and Olmsted County have been collaborating with Greater Minnesota Housing Fund, (GMHF) one of NCF’s funding partners, on a Housing Action Plan to understand housing needs for the Rochester area.
During 2014, the Youth Traveling Cooperative Institute stopped in sixteen towns throughout the Upper Midwest (the Upper Peninsula, Wisconsin, Minnesota, and North Dakota) and directly trained 42 individuals in the first part of a two part cooperative development education program. In January through March of 2015, the Youth TCI will return to the UP, WI, and MN to deliver the…
Bennett Park Cooperative, a 75-site resident-owned community in Moorhead, refinanced with ROC USA Capital in Fall 2014. In so doing, the Cooperative now has access to about $280,000 for capital improvements.