After almost three months of uncertainty, around 70 residents of Whitehaven Mobile Home Park can put their fears to rest.
According to a news release issued Tuesday, Oct. 25, the Yampa Valley Housing Authority bid for $3.125 million.
August. Whitehaven residents have been informed that an unknown buyer has accepted a £3.125m offer. ).
“I don’t know what else I can say,” said Whitehaven resident Jake Dombrowski, who has been a liaison between park residents and the housing authority. “I am very grateful to this community and to those donors who have given so much money. It really allowed us to do that with the housing authority.
Two large anonymous donations to the housing authority, totaling $750,000, helped purchase the park. These donations paved the way for the Housing Authority to obtain funding for the remaining $3.125 million. USD for part of the offer.
The YVHA plans to own the park as interim managers and eventually transfer ownership to Whitehaven residents to create a resident-owned community.
Most Whitehaven residents already own their homes, but not the land beneath them, so they pay high taxes. Eventually, Whitehaven residents will take over the balance of the loan and take official ownership of Whitehaven.
“Once it’s a resident-owned community, the ground rent they’re paying is going to be used first to pay off the debt,” said YVHA Executive Director Jason Peasley. “So they’re building the property, not just paying the owner.”
Peasley said the housing authority will do its usual due diligence. He knows there’s a lot of work to be done on Whitehaven’s infrastructure, such as connecting the park to city water, but he’s confident there won’t be any unexpected “skeletons in the closet” to convince the YVHA to back out of the purchase.
“I don’t expect anything to blow this deal,” Peasley said. “But we also have to go into it with our eyes wide open.
Peasley wanted to share the credit with Integrated Community, which reached out to the housing authority and helped translate sales notices for park residents who speak English as a second language.
He also gave credit to the Yampa Valley Community Foundation for establishing the fund that brought about these large donations.
“We were all on the same page and immediately doing what we could to help,” Peasley said. “So it was just a great team effort.”
The Routt County Workforce Housing Preservation Fund will continue to be open to donations, and Peasley hopes the donated funds can be used for similar acquisitions in the future. He believes other mobile home parks in Routt County could become residential properties, but for less money, if negotiations begin before a competing offer is made.
“When people donate (to the fund), it creates guaranteed resources that we can use to be more proactive than when we’re looking at a pending sale and having to mobilize for 90 or 120 days,” Peasley said.
Dombrowski said he’s excited to get back to some home improvement projects he’s put on hold while waiting to see how things turn out. He is also looking forward to the coming winter, because now he feels sure that he will come here and enjoy it.
“I got the board and snowmobiles ready,” Dombrowski said.
To contact Spencer Powell, call 970-871-4229 or email email spowell@SteamboatPilot.com