“Resident owned communities are really one of the key ways we can ensure affordability inside of the mobile home park space.”
Colorado will help mobile home park residents buy their parks — and a new agency will help protect their right to do so — under new laws signed by Gov. Jared Polis Tuesday., aims to give leverage to Coloradans who historically faced a unique disadvantage among homeowners: They typically own the structure they live in, but not the land it sits on.
The state will also partner with outside organization to help with financing and to aid the tenants through the process, according to the law. Those administrators will also bring money to the table, helping the state’s loan reach further, Boesenecker said. Polis signed the bill at Parklane Mobile Home Park just outside of Fort Collins. There, park residents banded together to form a nonprofit called United Neighbors/Vecinos Unidos that is under contract to buy the park. They were able to secure financing and about $1 million from Larimer County’s dole of American Rescue Plan money, and hope to finalize the $6.8 million purchase in July.
“This law is a legacy to new generations to fight in the mobile home park purchase process like we did in Parklane,” Montoya said. “We want our story to inspire other mobile home park residents to buy, preserve and improve their community.”
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