A mobile home park in Vermont, USA, has made the switch to co-operative ownership after residents signed a $2.1m deal to buy it from its owner.
Weston’s Mobile Home Park, in Washington County, is the 12th site in the state to make the transition to co-operative ownership. Residents at the 83-lot site voted unanimously to accept owner Ellery Packard’s offer to sell them the park.
The sale follows a year of intense planning and negotiation. It has seen residents of 50 of the park’s 82 mobile homes purchased $100 shares of the co-operative, making them eligible to participate in decision-making and to serve on the board.
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