Mon, 04/05/2021 - 11:13am tim
Vermont Business Magazine Resident ownership has long been on the minds of the residents at the former Sterling View Mobile Home Park, but now that it is a reality, the new cooperative is anxious to get to work. The homeowners in Sterling View Mobile Home Park, a 55-plus community of 113 homes that sits 30 miles north of Montpelier, formed Sterling View Cooperative Community and purchased the land and infrastructure for $3.25 million on Friday afternoon from Kenneth & Martha Harvey.
Financing for the resident-owned community (ROC) was provided by ROC USA Capital.
“We’re so pleased to become a Resident Owned Community,” said Board President Paul Nesky. “All of our efforts have paid off, and we’re ready to move forward with resident ownership – we’ve got an annual meeting to plan, committees to form and roads to assess.”