The cluster of homes, now the River Rocks Cooperative, is the second limited equity housing cooperative NMCDC and NeighborWorks Montana have helped organize in Missoula in recent years, building on similar work NeighborWorks has done with mobile home park residents. The first, the Wolf Avenue Collective, finalized the purchase of eight units in a three-building complex on Missoula’s north side in May.
Palmer said she and Kaia Peterson, NeighborWorks’ executive director, learned of the dilemma facing the River Rocks residents and reached out to the prior owner through his local property management company. They found he was interested in selling in an arrangement that would avoid displacing his tenants, many of whom have lived in their homes for decades.
Palmer said she and Peterson printed flyers and walked door to door through the property, inviting residents to a meeting intended to kickstart the organizing necessary for them to establish a housing cooperative.