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Residents' purchase offer accepted for two mobile home parks; trustees asked to approve grant agreement
Summary
April Long, executive director of the West Mountain Regional Housing Coalition, told the Carbondale Board of Trustees that residents’ offer for Mountain Valley Mobile Home Park (Carbondale) and Aspen Basalt Mobile Home Park (near Basalt) was accepted and that the purchase is in due diligence, with a Sept. 12 deadline and a projected closing in mid-October.
April Long, executive director of the West Mountain Regional Housing Coalition, told the Carbondale Board of Trustees that residents’ offer to buy Mountain Valley Mobile Home Park in Carbondale and Aspen Basalt Mobile Home Park (near Basalt) was accepted and is now in a due diligence period. The two parks were offered together for $42,000,000 and the coalition said the due-diligence deadline is Sept. 12, with a projected closing about a month later.
The purchase depended on raising a subsidy to bridge a financing gap. “We have raised over $14,000,000 towards that $20,000,000 gap that was needed,” April Long said. The coalition is asking participating local governments to execute grant agreements with the West Mountain Regional Housing Coalition and to deliver pledged…
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