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Meadow Valley Manufactured Home Park
Meadow Valley Manufactured Home Park is a resident-owned manufactured home park in Unadilla, New York.
The park was purchased at a foreclosure auction. The purchase was financed by ROC USA™ Capital, the finance arm of a non-profit social enterprise that supports resident ownership of manufactured home communities across the country.
Now, Meadow Valley residents have an opportunity to buy a membership in Meadow Valley Park, Inc. and become part owners in their community. The homes in the community will continue to be individually owned by the homeowners but the land, roads, water and sewer systems and other infrastructure will be cooperatively-owned by homeowners and operated on a non-profit basis. The ownership structure contributes to continued affordability, adequate reserves for capital improvements and long-term security for homeowners.
Meadow Valley Park is the seventeenth resident-owned manufactured home community in New York and the first to have been purchased out of a foreclosure auction.
“We’ve made the choice to become a resident-owned community to help secure our future and for all the families who will flourish in this community for years to come,” said Ruth Bush, President of Meadow Valley Park, Inc.
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