Mobile home parks house thousands of low-income and working families in Colorado. In most cases, homeowners purchase their unit and then rent the lot underneath it. Mobile homes are difficult and expensive to move, and with less and less park options available changing locations is often impossible for residents.
Large, out of state investment funds have taken advantage of Coloradans living in mobile homes. They’ve purchased these parks because they know that when they raise the rent, residents have nowhere else to go.
Sales to corporate owners and rent increases have not translated into improvements to the park. Instead, these increases have gone straight into the pockets of out-of-state investors. Owners know they can get away with new charges and arbitrary requirements because tenants cannot simply pick up and move.
Before and throughout the pandemic, investment funds have increased the rent at every opportunity, pushing monthly prices up by as much as 80% and forcing countless Colorado households into homelessness. Mobile Home Park residents in Colorado need better protections so they can’t be displaced from the homes they’ve worked so hard for.