PARTICIPATES IN ACQUISITION LOAN TO MANUFACTURED HOME RESIDENTS.
In June 2012 the Pine Tree Village Residents Association,
with assistance from Resident Owned Communities, USA, acquired their 186 lot
manufactured home community. The 53 acre site is located in Carver, a rural
community south of Boston best known for its cranberry bogs. Pine Tree Village
is a stable community that offers an affordable alternative for households to
own their own homes.
By purchasing Pine Tree Village the residents now have
control over the land their manufactured homes occupy. They determine the land
rent and, more importantly, no longer have to worry about the land being sold
for a different use, forcing them to move their homes elsewhere.
PCI is participating with other lenders in the acquisition loan provided by Resident Owned Communities, USA, Capital.