Key facts
- Residents of San Lazaro Mobile Home Park are organizing to buy their community.
- The purchase price for the park is $42.5 million.
- The effort aims to prevent rent increases.
- The effort aims to prevent redevelopment of the park.
- An 18-year resident and Navy veteran is leading the initiative.
- The park is located in Boulder County.
Residents of San Lazaro Mobile Home Park, located in Boulder County, are mobilizing to purchase their community for $42.5 million. This collective effort is driven by the desire to avert potential rent hikes and prevent the redevelopment of the mobile home park. An 18-year resident and Navy veteran is leading the initiative, aiming to secure housing stability for the community members. The residents' goal is to gain ownership of the park, thereby controlling future rent adjustments and development plans. This move reflects a growing trend of resident-led efforts to preserve affordable housing options in the face of rising property values and development pressures. The purchase would allow the residents to manage the park's operations and ensure its long-term viability as an affordable housing solution.