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Exeter Hampton Cooperative

The Story

During the 1970s and beyond, the Exeter-Hampton Manufactured Housing Community was like any other mobile home community - owned by a single person whose focus was, understandably, on profit. Day to day problems and repairs were approached with the bottom line in mind. The well-being of the park and its community were secondary considerations. The water kept running and the lights stayed on but rents crept up frequently and overall conditions rarely seemed to noticeably improve. 

 

All of that changed when, in 1999, a collaborative effort of the 52 homeowners of the community pulled together, formed a not-for-profit corporation and purchased the community as a cooperative. Now, the day-to-day operations of the community are overseen by a volunteer Board of Directors and a handful of committees. Since the community was bought many major improvements have been made - and they were done with an eye toward quality and longevity. Any and all surplus that is realized through the collected rents is saved toward future improvement and maintenance projects.

 

Each homeowner a member, each member a vote and voice. All working together toward a harmonious and beautiful community.

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