Pitkin County approves $3.25 million to support resident‑owned purchases, adopts deed restrictions for two mobile home parks

Pitkin County commissioners on Sept. 25 approved an emergency ordinance adopting deed restrictions for the Aspen Basalt and Mountain Valley mobile home parks and confirmed a $3,250,000 grant to West Mountain Regional Housing Coalition to support resident purchases of the properties.

The actions complete steps needed by the lender for a planned closing in October and attach long‑term affordability controls to the parks. Ashley Pearl, Pitkin County housing and resiliency director, and April Long, director of West Mountain Regional Housing Coalition, described the documents and the loan structure to the board.

Why it matters: The measures are intended to keep the parks as manufactured‑home communities operated and owned by residents, preserve affordability for current residents and create rules for future sales. County staff and coalition leaders said the work brings together multiple local governments, private lenders and donors to prevent the parks from converting to market development.

Pearl told the board that Rock Capital USA is the senior lender on the acquisitions and that Pitkin County’s $3.25 million was required as demonstrated proof of funds while the loan package was assembled. April Long said the effort has…