SB22-160 would invest $35 million to help mobile homeowners purchase the land they live on
FORT COLLINS, CO – Governor Jared Polis today signed SB22-160, legislation to support mobile home owners and save people money on housing.
Championed by Senators Julie Gonzales, D-Denver, and Nick Hinrichsen, D-Pueblo, as well as Representatives Andrew Boesenecker, D-Fort Collins, and Mandy Lindsay, D-Aurora, SB22-160 will invest $35 million into and create the Mobile Home Park Resident Empowerment Loan and Grant Program Fund, which will provide financing to eligible mobile home homeowners so they can purchase the land their homes sit on and convert it into a resident-owned community.
“Mobile home parks are Colorado’s closest thing to ‘naturally-occurring’ affordable housing,” said Gonzales, Vice Chair of the Affordable Housing Transformational Task Force. “But just like the rest of us, mobile home park residents are feeling the pressure of skyrocketing housing costs. This new law will allow Coloradans to invest in their own communities, own their own homes, and drive down the cost of housing across the state.” “Every Coloradan deserves a safe, comfortable place to call home, which is why we worked hard this session to ensure that mobile homes stay affordable across our state,” said Hinrichsen. “This new law will provide critical protections for mobile homeowners by making sure mobile home residents have the tools and help they need to buy the land their homes sit on.” “Today, we’re putting mobile homeowners above corporate profits,” Boesenecker said. “Our law invests critical resources to keep mobile home parks affordable by empowering mobile homeowners to purchase and manage the land their homes sit on. I’m incredibly proud to see this law through the finish line because resident owned communities are the key to affordable, resilient mobile homes.” “With this law, we’re making sure mobile homeowners have the tools to organize and combat displacement and exorbitant lot rent increases,” said Lindsay. “I’m proud of the work we’ve done to prioritize mobile homeowners so they can invest in their own communities. Our $35 million investment will go toward creating critical protections for mobile park residents to keep their homes affordable.”
The new law further establishes a mechanism for nonprofits to receive grant funding to provide technical assistance to homeowners and help them build the capacity, resources, and know-how to organize and purchase their mobile home park.
SB22-160 was developed based on recommendations by the state’s Affordable Housing Transformational Task Force.