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The current owners of Mountain Valley Mobile Home Park and Aspen-Basalt Mobile Home Park on Monday, July 28, accepted an offer from the residents of those parks to purchase the communities for $42 million.
The two communities have been working towards converting their respective mobile home parks into “Resident-Owned Communities,” or ROCs. An ROC functions similarly to a mortgage on a standard house; however, instead of one person paying their mortgage monthly, the entire community pays it down as rent.
The communities have been working with Thistle, a Boulder-based non-profit that manages various affordable housing schemes in Boulder,...
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We’ve sold a few mobile home parks to the residents over the years. There’s nothing wrong with that. When the non-profits offer you $42 million for two “trailer parks” any smart person would say “yes., yes, yes”. It’s not rocket science. But will they actually close on the deal? That’s the big question.