Park Plaza Cooperative – A Resident-Owned Community
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What is a resident-owned community?

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Our board members celebrate the purchase of Park Plaza in 2011.
  • In a resident-owned community, tenants form a non-profit corporation called a resident association. 
  • Each household is a member of the ROC and an equal owner of the land. As a group, the ROC owns the land and manages the community. 
  • The members continue to own their own homes individually.
  • There are many benefits to living in a ROC, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for ROC loans.), and a strong sense of community. Everyone has a say in the way the park is run, and major decisions are made by democratic vote.




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