Golden Hills Mobile Home Park--the latest news
Updated: Apr 12
This is a story about an out-of-state corporation purchasing a local mobile home park and making it difficult for our Golden neighbors to "age in place," raise their families, and have stable affordable housing.
Golden Hills was featured in a recent Denver Post Article
Golden Hills was also featured in a recent Golden Transcript Article
In mid-November 2021, Golden Hills Mobile Home Park was sold to Harmony Communities, a California-based corporation. Within days of buying the park and without making any changes in amenities (there are none in the park) or improvements, including to the deteriorated roads and water and sewer infrastructure, the new corporate owner raised the lot rents by 50%+ for most home owners. Many Golden Hills residents are on limited fixed incomes and do not have a way to make up for this rent increase. The new corporate park owner is also trying to add additional fees and costs to the residents, including charging for utilities that were previously part of the rent, imposing oppressive rules and restrictions on residents, their guests, and their pets, and requiring costly improvements to the homes themselves. The City of Golden has arranged for some rental assistance opportunities for the residents, but this is a short-term solution to prevent displacement while searching for a long-term solution.
In early December 2021, the new corporate owner expressed their willingness to entertain an offer from the Golden Hills residents to purchase their park and become a resident owned community. Shortly after the residents made a full-price purchase offer, the new corporate owner rescinded the offer.
The residents were working with ROC USA (Resident Owned Communities) and Thistle ROC to facilitate and finance the purchase. If the residents are ever successful in purchasing their park, they would hire a professional management company and also receive ongoing assistance in operations. Resident ownership would result in long-term, stable, affordable housing in the heart of Golden.
Here's the Backstory:
In April of 2021, residents of Golden Hills Mobile Home Park in north Golden (2nd and Cheyenne), some of whom have lived there for decades, were told that their park was being sold to a California-based corporation. These residents own their homes, but unlike most homeowners in Golden, have to lease the land on which their home sits...month in, month out, year after year, as lot rent. Most of the mobile homes are not movable so essentially the mobile home owners only have equity if they can stay in place. Mobile homes represent most of the affordable housing in Golden. Some of our most vulnerable residents make their homes in mobile home parks, raise their kids there, and are part of our town. Golden Hills is a neighborhood, and its residents are our neighbors.
A new state law gives residents of mobile home parks that are being sold the right to know the terms of the sale offer and to make their own offer to purchase their park. The Golden Hills residents formed a cooperative and made a higher offer to buy their mobile home park. In fact, they made two better offers to buy their park and both times were turned down by the previous owner, who ended up selling the park to the California-based corporation in mid-November.