Copyright 2008 ROC USA, LLC. 1 Resident Ownership, Effectively & Efficiently

Our Mission: To make quality resident ownership viable nationwide. We do this by: Timely and expert technical assistance and financing for resident corporations. Copyright 2008 ROC USA, LLC.

A Resident Owned Community Homeowners own resident corporation, which buys/owns the MHC. Quality Technical Assistance ROC USA TM Network Low down-payment/high LTV commercial loan(s) ROC USA™ Capital & Others Copyright 2008 ROC USA, LLC.

4 ROC USA ™ Network A network of non-profit community development organizations who have collectively completed over 100 MHC transactions. CASA of Oregon Community Resource Group Crossroads Urban Center Northcountry Foundation NeighborWorks Montana NH Community Loan Fund Northwest Co-op Dev’t Ctr PathStone, Inc. Rural Communities Assistance Corp. READS-USA 4

Copyright 2008 ROC USA, LLC. 5 ROC USA ™ Network Certified TA Providers Market Areas (3/09): 30 States

ROC USA ™ Network Three Stage Process with Sellers: 1.Find “for sale” communities with interested sellers and assess economics and demographics. IF VIABLE, proceed. If not, inform seller. 2.Present homeowners with the opportunity. If there is interest, proceed with transaction. If not, inform seller. 3.Close the deal. Copyright 2008 ROC USA, LLC.

ROC USA ™ Capital Current capitalization: $25mm; Purpose: Provide timely and appropriate commercial mortgage financing: + High LTV (up to 105%) community purchase loans for resident corporation purchases; + Pre-development loans for resident corporations, too. Copyright 2008 ROC USA, LLC.

Resident ownership is most viable when: Quality: – The better the quality, the faster and easier the transaction; – 75% plus owner-occupied; – 51% permanent residences; – It is a “continued use” sale; Size: – Single MHC is listed below $12mm and portfolios below $30mm (currently); Demographics: – Homeowners are mostly medium- and long-term residents; – Both family and 55+ communities have been successful. Copyright 2008 ROC USA, LLC.

9 ROC USA Please Call Us Paul Bradley, President ROC USA ™, LLC