In Boulder, Colorado, residents of the San Lazaro Mobile Home Park are taking proactive steps to secure their community’s future. Facing the impending sale of their property by an out-of-state owner, these residents are striving to purchase the park themselves, aiming to preserve affordable housing and prevent potential redevelopment.
San Lazaro, home to approximately 800 individuals, serves a diverse population, including students, workers, and retirees. The park’s current owner has listed the property for sale, triggering a state law that grants residents the opportunity to buy the park before it is sold to another party. This law is designed to protect mobile home communities from displacement and ensure long-term housing stability.
Damien Teague, an 18-year resident of San Lazaro, expressed concerns about the uncertainty surrounding the sale. “The new owner could raise the rent,” Teague said. “The property could be redeveloped. It’s completely unknown what would happen if it goes to another party.” To address these concerns, Teague and his neighbors have formed a steering committee to organize efforts and raise the necessary funds to purchase the park.
The residents have until mid-July to secure the funds required for the purchase, with the asking price set at $42.5 million. If successful, San Lazaro would become the fourth resident-owned mobile home park in Boulder County, following similar initiatives aimed at preserving affordable housing in the area.
By taking collective action, the residents of San Lazaro Mobile Home Park are demonstrating the power of community engagement in safeguarding affordable housing options in Boulder. Their efforts highlight the importance of resident ownership in maintaining the character and accessibility of local neighborhoods.