DOVER, N.H. – The holiday season purchase of a 79-site manufactured home community by the homeowners who live there inspired an investor in the deal to write a cheery, optimistic article for a cooperative industry magazine.
David J. Thompson, president of Twin Pines Cooperative Foundation, wrote of how the residents of Dover Point Cooperative (renamed from Polly Ann Park) will experience an improved 2017 now that they own the land under their neighborhood. His article appears in the Winter 2017 edition of Cooperative Housing Quarterly, a publication of the National Association of Housing Cooperatives.
“Knowing that our future is secure is a great feeling,” he quoted Dover Point President Steve Sheehan as saying.
Twin Pines Cooperative Foundation is a long-term investor in the New Hampshire Community Loan Fund, and has helped 29 “mobile home parks” become resident-owned communities since 2009. ROC-NH, a program of the Community Loan Fund, provided coaching throughout the entire purchase process and will continue to work with Dover Point as a ROC USA® Certified Technical Assistance Provider for at least a decade.
Thompson points out that 22 percent of the manufactured home communities in New Hampshire are resident owned — by far the highest percentage of any state – and how that wouldn’t be possible without the Community Loan Fund’s dedication to resident ownership. ROC USA spun off from the Community Loan Fund in 2008 to take that same mission nationwide.
Read the entire piece here, starting on page 8.