Take control of your future through collective ownership.
We provide ongoing support and coaching to create successful cooperatives and sustain them for generations to come.
Community Stability
Affordable Land Rent
Community Control
Community members elect their Board of Directors to ensure resident needs are prioritized, not profit. The Board appoints committees and hires a property manager to manage daily tasks and oversee the community's needs.
Accessible, Affordable Homes
CoNorth supported communities have access to durable, affordable, energy-efficient manufactured homes at affordable rates via our CoNorth Homes dealership. We collaborate with NeighborWorks Home Partners, an organization which provides home buyer counseling and financing tools to lower barriers to ownership.
Eviction Security
Liability Protection
A cooperative corporation, owned and run by residents.
A resident-owned community (ROC) is a group of residents that have organized for the purpose of purchasing, owning, and operating their community. The organization takes the form of a cooperative corporation, owned and run by residents for the benefit of residents.
How it Works
The Cooperative Conversion Process
Feasibility and Purchase Negotiation
CoNorth confirms preliminary feasibility of converting the community to a cooperative by obtaining sales price expectation and operating information from the owner. CoNorth negotiates the terms of a purchase agreement.
Formation of Resident Corporation and Due Diligence
CoNorth assists residents with formation of the resident organization and organizing members. Members elect an Interim Board of Directors. CoNorth helps the Interim Board complete due diligence, organize their newly-incorporated business, and finance the purchase of the property.
Resident Purchase and Ongoing Support
Locating and securing project funding and manages projects from start to finish.
In addition to our ongoing technical assistance contracts, CoNorth seeks funding and provides project management services to co-ops looking to complete community improvement projects. CoNorth helps co-ops locate and secure project funding and manages projects from start to finish, serving as the co-op’s representative throughout the project. Some of our recent projects include:
Zumbro Ridge Cooperative
Woodlawn Terrace Cooperative
Park Plaza Cooperative
Bois de Sioux Mobile Home Park
El Nuevo Amanecer Cooperative
Hillcrest Community Cooperative
Emerald Pines Cooperative
Cooperative Assistance
Natividad
Park Plaza Cooperative, MN