Boulder City Promises Not to Displace Mobile Home Park Residents in Sale
Lately we've been hearing about more and more mobile home parks being purchased by cities, counties and local government when original ownership can no longer maintain the property. These are generally, from what we've observed, older mobile home parks that have had a single owner. Sometimes the city or county takes over and forces the residents to move out so the land can be used in another way (most likely because the property is beyond repair), and sometimes the property is preserved as a mobile home park. The following is one of the most recent of such sales, this time in Boulder, Colorado. In this case, the city of Boulder has promised residents that they will not be displaced.
August 01, 2017
Boulder has purchased the Ponderosa Mobile Home Park, a Boulder County enclave in the northern part of the city, which it hopes will ensure long-term affordability and address concerns regarding the state of the park's infrastructure.
The city bought the 6.46-acre piece of property from Mantle Ranch Real Estate LP for $4.2 million, and $3.5 million of that came from a federal grant providing for disaster relief stemming from the 2013 floods, according to a news release. The park was impacted by the flooding. The balance came from Boulder's affordable housing fund.
The 68-unit trailer park, at 4475 Broadway, is currently located in Boulder County, and has been since the 1950s. Over time, the city limits have changed as such that the property is now surrounded. Providing utilities, health and safety services has been challenging and required coordination between Boulder, Boulder County and the property owner.
The property will eventually be annexed into Boulder with infrastructure upgrades in 2019. The city will work with residents to identify a long-term owner such as a cooperative or nonprofit to ensure long-term affordability.
The city has promised residents at the park that they will not be displaced because of the sale.
READ AT DAILYCAMERA.COM
Taking your MHP portfolio to new heights, together. McAnuff Group.