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HomeMy WebLinkAboutAgenda - 04-06-2021; 4-d - Presentation by Carolina Common Enterprise on the Resident-owned Community Model for Manufactured Home Communities 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 6, 2021 Action Agenda Item No. 4-d SUBJECT: Presentation by Carolina Common Enterprise on the Resident-owned Community Model for Manufactured Home Communities DEPARTMENT: Housing and Community Development ATTACHMENT(S): INFORMATION CONTACT: Emila Sutton, Director, Housing and Community Development, (919) 245- 2490 PURPOSE: To receive a presentation on Carolina Common Enterprise's implementation of the resident-owned community model for manufactured home communities (MHCs). BACKGROUND: Manufactured homes are an important piece of the affordable housing continuum. The per square foot cost of producing a manufactured home is less than half the cost of constructing a comparable stick-built, single-family detached home, making manufactured housing one of the most affordable options available to both renters and homeowners.' Orange County has approximately 100 manufactured home communities collectively containing more than 2,000 lots. Due to the high value of land in the County and the potential for large profit margins, many developers are interested in buying and redeveloping manufactured home communities for other uses, placing residents in danger of displacement and housing insecurity. As such, developing an actionable manufactured housing strategy for the County is a priority. Carolina Common Enterprise (CCE) is a tax-exempt nonprofit cooperative development center that provides training and technical assistance to cooperatives in North Carolina, including start- up and growing cooperatives, and businesses converting to a cooperative enterprise. Operating as ROCarolinas, CCE is also the North Carolina network affiliate of ROC USA, a New Hampshire- based nonprofit that establishes resident-owned communities (ROCs) — manufactured home communities that are owned by a cooperative of resident homeowners rather than an outside landlord. In a ROC, residents buy a share in a cooperative that owns the entire community rather than each resident renting or owning an individual lot. To date the ROC USA Network has converted 268 MHCs to resident ownership in 20 states. CCE facilitated the first such North Carolina conversion last year in Randolph County. https://housingmatters.urban.org/articles/how-manufactured-housing-can-fill-affordable-housing- gaps 2 CCE will present information on its implementation of the ROC USA development model and the potential of this model as a solution for increasing affordability and stability in manufactured home communities. FINANCIAL IMPACT: There are no financial impacts anticipated with this item. SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals applicable to this item. ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal impacts applicable to this item. RECOMMENDATION(S): The Manager recommends that the Board receive the presentation and provide any comments and questions.