RAYMOND, N.H. — Homeowners in Paradise Ridge Mobile Home Park have purchased their 40-unit manufactured home community, making it New Hampshire’s 135th resident-owned community (ROC) and the 268th ROC nationwide.
Using training and technical assistance from the New Hampshire Community Loan Fund’s ROC-NH™ team, homeowners organized and formed Paradise Ridge Cooperative last September. The cooperative then negotiated with the park’s owners, Albert and Joyce Witham, reached a $2-million purchase price, and finalized the deal March 26 with financing from Cambridge Trust and the N.H. Community Loan Fund. ROC-NH is a ROC USA® Network Certified Technical Assistance Provider.
“I am proud and excited that we have worked hard to become a resident-owned community,” said the cooperative’s vice president, Mike Dudley, an 18-year resident of the community.