RV Park Co-Ops
What is a coop? A co-op (or coop) as in a “cooperatively owned entity” is one in which everyone involved in the entity is also an owner. Companies can be coops (like REI, Ocean Spray, and Welch’s), but so can neighbors who have a collective stake in their communities and who want to build a better neighborhood. Residents of mobile home parks have been forming coops over the years, inspired by heartbreaking and heartwarming stories about landlords who raise lot rents so high that people are left homeless, and neighbors banding together to collectively purchase and run their parks. Just last week, VTDigger published a story about 4 mobile home parks converted into resident-owned coops. This 1986 LA Times article about a group of tenants who banded together to buy their home from their landlords is especially empowering, because their actions created a whole new category of government loans. Mobile …