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Trustees signal preliminary interest in funding resident purchase of nearby mobile-home park amid $20.5M financing gap
Summary
Town staff briefed trustees on two nearby mobile-home parks listed for sale and on resident-led purchase efforts; trustees expressed preliminary support for contributing toward a financing gap (range discussed: $500,000–$1,000,000) while asking staff to bring Thistle Rock and West Mountain Regional Housing Coalition back with detailed terms.
Trustees discussed a time-sensitive effort to help residents purchase two nearby mobile-home parks that are on the market. Lauren, a town staff member working with West Mountain Regional Housing Coalition, briefed the board on the resident-led financing strategy and a large funding gap the organizers say must be filled if residents are to match a private-corporate offer.
Lauren told trustees that the Mountain Valley Mobile Home Park (adjacent to the town wastewater plant) has 64 lots, while the Aspen Basalt Mobile Home Park has 75 lots. Organizers presented a combined offer on both parks and are structuring resident-owned community purchases for each park separately. Lauren said an investor-backed corporate offer exists and that residents forming resident-owned…
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