CooperativesIn a resident-owned community (ROC), homeowners form a non-profit business called a cooperative. Each household is a Member of the cooperative, which owns the land and manages the business that is the community. Members continue to own their own homes individually and an equal share of the land beneath the entire neighborhood. There are many benefits to living in a ROC, including:
- Control of monthly lot rent, community repairs and improvements;
- Lifetime security against unfair eviction;
- Liability protection (Members are not personally liable for association loans.), and a strong sense of community.