Frequently Asked Questions

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• In a resident-owned community, tenants form a non-profit business called a corporation.
• Each household is a Member of the Corporation and an equal owner of the land. As a group, the Corporation owns the land and manages the Community.
• The Members continue to own their own homes individually.
• There are many benefits to living in a resident-owned community, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for Corporation loans), and a strong sense of community.
• Everyone has a say in the way the Corporation is run, and major decisions are made by democratic vote.

• Each Member household pays three charges.
• The first is the Application Fee of $25 for each adult in the home.
• The second charge is one-time Membership Fee of $500. And, Members get their Membership Fee back if they sell their homes.
• The third charge is the lot rent that is collected monthly to pay for operating expenses like taxes, insurance, trash/recycling collection and the Corporation’s mortgage payments. Lot rent is currently $530 per month.
• We now have control over when and why our rent changes.
• Find out more about the application process here.
• The third charge is the lot rent that is collected monthly to pay for operating expenses like taxes, insurance, trash/recycling collection and the Corporation’s mortgage payments. Lot rent is currently $530 per month.
• We now have control over when and why our rent changes.
• Find out more about the application process here.

• Currently, all our lots have homes on them.
• If you are interested in bringing your home into Loon Estates, please contact us.

• The Members elect a Board of Directors, which appoints committees to do different tasks and manage the day-to-day operations of the Corporation.
  Every Member household has a vote on the ROC leaders and budget.
• NH Community Loan Fund and ROC-NH  provide the Board with a Management Guide and teaches Board Members effective ways to run the Corporation. This includes, but is not limited to, how to set up a financial record-keeping system and how to use resources to improve the roads, water, electric and waste-water systems.
• In a commercially owned community, even though residents own their homes, the park owner controls the lot rent and the park rules. He or she also has control over the condition of the community – including roads, water, electric, waste-water systems and landscaping. Each time the community is sold to a new owner, the rent is likely to increase.
• In a commercially owned community, the theory is that if you don’t like how the park is being managed, you can move your home. But “mobile” homes these days are not very mobile. Many homes could not withstand the move. Affordable lots are hard to find. If you live in a park without protection from skyrocketing rent or even park closure, you could be at risk to lose your home.
• In a resident-owned community, if you don’t like how the park is being managed, you can run for a position on the Board of Directors and make improvements inside the Corporation.

• Yes! Loon Estates is a pet-friendly community. Restrictions are detailed in the Community Rules.
• Please call 603.666.4137 or email president@loonestates.org for more information.

• First, agree to terms with the seller of the home and sign a Purchase and Sales Agreement.
• Second, immediately complete and submit a Membership Application. The Board of Directors must approve new Members through an application process which includes criteria for Membership. Click here for more details.
• Third, if you require home financing, arrange for a loan as you would in any other community.
• Finally, upon Board approval, payment of the Membership Fee, execution of an Occupancy Agreement, and a successful transaction with the seller, take the keys and start enjoying your new home and the stability and security that comes with living in a resident-owned community!

• The Members elect a Board of Directors, which makes the day-to-day decisions. This way, decisions may be made efficiently and in the best interest of the group.
• The Corporation contracts for certain management tasks (including rent collections, bill paying, snow plowing, ​septic tank maintenance, etc.).
• Contractors work under the direction of the Board.

 You can sell your house as you would in any other community. When you sell your home, your Membership Fee is bought back by Loon Estates. The buyer of your home must become a Member of the Corporation and pay the Membership Fee up front, prior to moving into the home. 

• The Member households elect a Board of Directors, which appoints committees to do different tasks and manage the day-to-day operations of the Corporation.
• The Board of Directors consists of five Members who are in good standing with the Corporation.
• Elections take place at an annual meeting each May.
• Prior to the elections, the Board of Directors takes statements of interest for those interested in running for the Board.
• Board members shall serve for a term of two years. No Director may serve for more than three consecutive two-year terms.
• The Board of Directors is always looking for volunteers — there’s always a place for those who want to pitch in!

 You can contact us by email at president@loonestates.org or call 603.666.4137. 

The NH Community Loan Fund is a statewide nonprofit that turns investments into loans and education to create opportunity and transform lives. The Community Loan Fund collaborates with a wide range of donors and investors, and with businesses, nonprofit and government partners, to provide the financing and support people need to have affordable homes, have quality jobs and child care, and become financially independent. For more information, email info@communityloanfund.org or call 603.224.6699.

ROC-NH, a program of the New Hampshire Community Loan Fund, helps residents of manufactured home parks come together to buy the land under their houses, build value and security in their homes and create stronger, vibrant communities. It is the only statewide program in New Hampshire that provides loans, training and technical assistance to convert manufactured homes (sometimes called mobile homes) parks into cooperatives owned and governed by their residents.

ROC USA, LLC  helps resident corporations buy their manufactured home communities or “mobile home parks” from private community owners. ROC USA is a non-profit organization with a mission of making quality resident ownership possible nationwide. We do this by first focusing on communities that are for sale and where homeowners have a strong likelihood of success if they choose to work as a group and buy it. Second, we have assembled local and regional non-profits that we have trained and certified to assist resident corporations through the purchase process and beyond. Third, we have developed a specialized source of financing for resident corporations who wish to buy their communities. We know that with opportunity, technical support, and financing, homeowner groups can buy, preserve and improve their communities.
We know because we have helped more than 300 communities do just that.