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Residents of Parklane Mobile Home Park in Fort Collins, who formed a nonprofit to represent them, have purchased the park to preserve affordable housing.
A news release said the purchase will guarantee that residents can govern their own community.
Parklane is one of only six mobile home parks in Colorado to move to resident governance or resident ownership since Colorado’s Mobile Home Park Act was updated to expand opportunities for residents to purchase their communities in June 2020, according to the release.
When their landlord notified residents that Parklane Mobile Home Park would go up for sale last December, they worked with nonprofits The Genesis Project and The Matthews House to help navigate the complex process of making a purchase offer and securing financing, according to the release.
The nonprofit formed to represent residents was named United Neighbors/Vecinos Unidos (UN/VU).
UN/VU successfully purchased Parklane for $6.8 million with financing that include a $1 million forgivable loan from Larimer Count, $2.8 million loan from Bohemian Foundation and a $3 million Impact Development Fund loan.
According to the release, residents will next set up self-governance, including determining rent levels, utility services and maintenance.
Parklane Mobile Home Park, located just east of Fort Collins’ city limits, includes 68 mobile homes where approximately 200 adults and more than 100 children lived. The park was established in 1958.
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