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Catalyzing worker co-ops & the solidarity economy

Resident co-op buys Harbor Village

Rather than take their chances with a new landlord who could raise rents by around 10 percent every year, or even a developer who might find another use for the prime real estate across Bay Boulevard from the Embarcadero Resort, residents of Harbor Village mobile home and RV park formed a corporation, took out millions in bridge loans and bought the property.

“To have a good neighbor you have to be a good neighbor,” Harbor Village Cooperative member Gail Green said Monday, sitting on her front porch with fellow resident Edla Siewell. Green has lived there 10 years, Siewell moved in 29 years ago, and they’ve both seen the property pass through several owners.

As of June, they and their neighbors are the new landlords, and they all have a role approving rent, bylaws and community rules, road and infrastructure work, and electing governing board members for the neighborhood of 201 mobile home and RV lots, home to as many as 400 people.

Read the rest at the Newport News Times

 

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