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Commerce City council asks staff to study loan options to help manufactured‑home residents buy their park
Summary
Council directed staff to analyze options for aiding residents of a manufactured‑home community trying to buy their park — including a possible $3.7 million gap loan or using private activity bonds — and asked staff to return with recommendations by the council—irst meeting in June.
Commerce City—ouncil on May 11 directed staff to produce an analysis of potential city help for residents of an at‑risk manufactured‑home community seeking to buy their park, a step proponents said could preserve affordable housing and critics warned could set a difficult fiscal precedent.
The motion, offered by Mayor Pro Tem Susan Noble and seconded by Mayor Douglas, asked staff to examine financing options and return with findings by the first council meeting in June. Noble framed the request as a targeted analysis: "The motion is for staff to provide analysis of the city providing to assist advanced manufactured home community in Commerce City in…
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