ROC USA® was launched in May 2008 by national and regional nonprofits that joined together to serve one mission: To make quality resident ownership viable nationwide and to expand economic opportunities for homeowners in manufactured (mobile) home communities.
Three nonprofits – the New Hampshire Community Loan Fund, Prosperity Now (then called Corporation for Enterprise Development) and Capital Impact Partners – each made equity investments and became Members of ROC USA, LLC. The LLC structure is rare in the nonprofit structure. For ROC USA, it has meant strong and continuous support for our mission which simply isn’t always the case in less formal organization structures.
Eleven regional nonprofits – including the Community Loan Fund – represent the Certified Technical Assistance Providers (CTAPs) in ROC USA Network. From the start, a strong role for CTAPs who have a presence in local markets for in-person training as well as market development and partnership building has been critical to the mission.
With leadership from Paul Bradley, the then-vice president for manufactured housing at the Community Loan Fund, and a small national staff, these national and regional organizations created ROC USA, LLC as a social venture.
On a plan to scale the mission – to make resident ownership viable nationwide – the social venture received generous start-up support from Ford Foundation in 2007. The funding included equity for ROC USA® Capital, the community lending subsidiary that would close its first acquisition loan to Champion Park in New York within seven months of launch.
ROC USA continues to build strong national and regional relationships in support of Resident Owned Communities as it looks to realize its vision of a country in which the owners of efficient and affordable homes are economically secure in healthy and socially vibrant resident-owned communities.