The owner of the north Fort Collins mobile home park, 400 Hickory St., agreed in March to sell the park to a corporation for about $23 million. Residents of the 205-unit park are working with nonprofit Thistle to secure financing for a counter-offer on the park.
The goal of resident-owned communities (ROCs) is to give park residents more agency in their communities. ROCs form community cooperatives where each resident owns an equal share of the land under their homes, giving them more control over lot rent and park upkeep and preventing unwarranted evictions.
The residents' offer will need to compete with the corporate offer of $23 million. They have until June 1 to submit their offer before the park owner is legally allowed to accept the corporate offer. That's in accordance with a state-mandated minimum 90-day window for mobile home park residents to assemble their own offer if their park is being sold.