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House passes bill to strengthen disclosures and purchase opportunities for mobile home park residents
Summary
House Bill 12 24 passed after floor debate and amendment; sponsors said the measure strengthens disclosures and arm's‑length sale requirements and preserves residents’ opportunity to organize and purchase parks (noting a 120‑day organizing window). An amendment adjusting a unit registration fee failed on the floor.
The Colorado House passed House Bill 12 24 on April 14, a bill sponsors said strengthens protections and disclosures for mobile home park residents when a park is sold.
Representative Velasco, a sponsor on the floor, said mobile home parks are often the last form of unsubsidized affordable housing and described how sales of parks can destabilize entire communities. Velasco told colleagues that in her district several parks are on the market, some selling for roughly $42,000,000, and that residents typically need 120 days to organize and attempt to create a resident‑owned cooperative to buy a park.
Representative Basenecker and other committee sponsors said the bill builds on prior updates to the Mobile Home Park Act by requiring improved disclosures about financial and maintenance information and protecting residents’ due‑diligence rights (inspections, contingencies, financing). The bill does not cap sale price but requires that the transaction be conducted in good faith and at arm’s length.
Representative Richardson offered floor amendment L006 (a sliding scale for a $17 registration fee split between occupant and manager) to allow local flexibility in fee allocation; the amendment failed on the floor. Sponsors then moved L007 and other technical amendments that were displayed and adopted; the amended bill passed on the floor.
Supporters emphasized the bill’s role in preserving veterans, older adults, immigrant families and people with disabilities who disproportionately reside in mobile home parks. Opponents warned of government intervention in private real estate transactions and urged caution. The bill passed as amended and will proceed to further legislative steps.
