Yampa Valley Housing Authority Under Contract to Buy Whitehaven on Behalf of Residents
STEAMBOAT SPRINGS, CO. — The Yampa Valley Housing Authority (YVHA) offer to buy the Whitehaven Mobile Home Park for $3.125 million on behalf of the Whitehaven residents was accepted and YVHA is now under contract with the owners of the property. The closing is set for November 30th.
“We are so fortunate to work in a community that loves to solve its own problems and stepped up in this instance to make sure that we can maintain Whitehaven Mobile Home Park as safe, stable and affordable housing for Steamboat,” said Jason Peasley, executive director of YVHA. “YVHA intends to own the park for an interim period of time to stabilize lot rents, invest in infrastructure upgrades and work with the mobile homeowners to create a resident owned cooperative that can take over ownership of the park.”
YVHA made an offer for the Whitehaven Mobile Park in September after receiving two anonymous donations totaling $750,000 and favorable loans. In addition, the Yampa Valley Community Foundation committed to helping with this effort by setting up the Routt County Workforce Housing Preservation Fund. The purpose of the Fund is to preserve workforce housing for residents in Routt County, Colorado. Funds will be used for (1) the purchase of Whitehaven Mobile Home Park or emergency capital improvements at Whitehaven Mobile Home Park; or (2) if Whitehaven Mobile Home Park is sold, then funds will be used for purchase, preservation or emergency capital improvements of other mobile home parks or low-income housing in Routt County, Colorado. Donations can be made here.
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