10 Facts about Resident Ownership
Manufactured housing is a critical source of affordable homeownership in the United States. Of the 6.8 million manufactured homes in this country, we estimate that approximately 43% are located in the nation’s 50,000 manufactured home communities, where residents rent the land beneath their homes. This can be a precarious arrangement for many homeowners, but strategies like resident ownership—in which homeowners form cooperatives to purchase their communities—can providemore secure land tenure for millions of American families. These 10 facts raise awareness about resident-owned communities (ROCs) as a preservation strategy.