HiddenVillage
A Resident Owned Community
What is a resident-owned community and what does it mean for homeowners?
In a resident-owned community, tenants form a non-profit business called a corporation.
Each household is a Member of the Corporation and an equal owner of the land. As a group, the Corporation owns the land and manages the Community.
The Members continue to own their own homes individually.
There are many benefits to living in a resident-owned community, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for Corporation loans), and a strong sense of community.
Everyone has a say in the way the Corporation is run, and major decisions are made by democratic vote.
Contact
4600 17th Lane NE
Olympia, WA • 98516
Phone 509.953.8464
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