Counties Commit Millions to Acquire Affordable Mobile Home Park
What happened
Garfield County commissioners approved a letter of support for the Sopris Mountain Collective to enter a special limited partnership with the Garfield County Housing Authority. This support could extend the park's tax-exempt status, potentially saving residents about $55,000 annually in property taxes on the land. The purchase of the 98-unit Cavern Springs Mobile Home Park is supported by commitments from multiple local governments and foundations, including $1.5 million from Pitkin County and $1 million from Snowmass Village.
From postindependent.com
Why it matters
The commitment of funds from multiple jurisdictions addresses regional affordable housing needs, as Garfield County and Pitkin County share functional responsibility in this area. The tax exemption request could help residents keep monthly costs affordable, supported by nearly $12 million in grants and loans raised by residents.
Garfield County and Pitkin County agreed on shared responsibility for regional affordable housing needs.
From postindependent.com
Who's involved
- Garfield CountyCommissioners backed a request for a property tax exemption for the mobile home park.
- Pitkin CountyCommitted $1.5 million toward the purchase of the mobile home park.
- Snowmass VillageCommitted $1 million to the Cavern Springs Mobile Home Park purchase.
- Glenwood SpringsProvided a $500,000 financial contribution to the park purchase.
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The entities involved
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Garfield County
county in Colorado, United States
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Pitkin County
county in Colorado, United States