HB20-1201 (Hooten & Gonzalez-Gutierrez/Moreno & Ginal) Mobile Home Park Residents Opportunity to Purchase
This bill would provide Colorado manufactured home residents with the opportunity to purchase a community, by requiring landlords to notify tenants when a park is for sale, or if the owner intends to change the use of a park, or if the landlord is about to accept an offer, or if the park is facing foreclosure. It would also set additional standards for the opportunity to purchase process.
The Children’s Campaign supports this bill. It would strengthen the rights of mobile home park residents and create an opportunity to purchase the land on which their home sits. Manufactured homes are one important form of affordable housing, but residents often do not own the land on which their home sits. In Colorado, there are hundreds of mobile home parks with thousands of residents, including children and families, and nationally, people living in manufactured housing have a median household income of less than $30,000 a year. In 2019, the Colorado Housing and Finance Authority partnered with the ROC USA Capital and Impact Development Fund to turn ownership of a mobile-home park in Longmont over to the residents of the park. Other states, like New Hampshire, have similar policies in place; over 100 communities have been purchased, with nearly 20 percent being resident-owned cooperatives, preserving over 5,000 homes. Residents have obtained financing for the purchase of over 100 communities, and not one has filed for bankruptcy or gone into foreclosure. A recent report written by the Colorado Health Institute in partnership with the Health Equity Advocacy Cohort identified conversion of manufactured home parks into resident-owned communities as one policy to promote housing security in Colorado.
Passed out of the House Transportation and Local Government Committee on a vote of 7-4 and now heads to the House floor for debate
February 14, 2020
Assigned to the House Transportation & Local Government Committee where it is scheduled to be heard on Wednesday, Feb. 19 at 1:30 pm in LSB-A.