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The Emma Community is an incredibly vibrant, united and strong community. However, the relationships, trust, infrastructure and resources that have been built by community residents is at high risk of being lost, particularly due to the devastating pattern of replacement of mobile home parks with condominiums and commercial properties across the county. Emma Community Ownership (ECOP) is working to create tools and strategies to prevent displacement and to protect the tightknit nature of mobile home communities which keep our families safe. ECOP formed a research team comprised of residents of the Emma Neighborhood and surveyed nearly 200 Emma residents to assess the quality of life of residents of mobile home parks, to understand risk factors for displacement of low income residents due to gentrification, and to begin the creation of an Emma Community Plan. website: https://www.poderemma.org/home Facebook: @emmacommunitycouncil

Loans

Mahetsi Community Real Estate Cooperative

Mahesti: Refinance of purchase to include repair/improvements

Refinancing of Mahetsi purchase loan 3088 to add repair and improvement lending for the cooperative.

Asheville, United States
July 31, 2022
US $496,816.00

Sourwood Community Real Estate Cooperative

Sourwood MHP Home Repair Loan

Maintenance and repairs for health, safety and quality of life improvements to Sourwood Community + refinancing of 3089 + 3531.

Asheville, United States
February 28, 2022
US $895,526.64

Quetzal Community Real Estate / Chispas Property Maintenance

Chispas Property Maintenance Business Expansion Line of Credit

This Line of Credit for housing cooperative members, potential members or tenants on the path to membership will address needed maintenance on homes within the Poder Emma (El Ejido) ecosystem.

Asheville, United States
April 20, 2023
US $30,000.00

La Esperanza Community Real Estate Cooperative

Build out Bridge Loan

Primarily due to the property's stormwater, parking, and building code related renovation needs, La Esperanza is facing a gap of $400,000 for the property renovations.

Asheville, United States
October 11, 2023
US $400,000.00

La Esperanza Community Real Estate Cooperative

17 Westside Drive Purchase Loan

Purchase of additional commercial property by La Esperanza Cooperative to further the mission of community owned properties to steward, protect and strengthen the Emma Community. The property is located in Emma and less than a mile from La Esperanza Community Real Estate Co-op.

Asheville, United States
December 22, 2022
US $2,635,100.00
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