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An example of a CHFA Multifamily Lending Mobile Home project.

Longmont Mobile Home Community
Longmont Mobile Home Community
CHFA Customer
Longmont, Colorado

Longmont Mobile Home Community, Longmont

Purpose

To provide financing to assist the resident co-operative to purchase the park and become the owners and managers, resulting in a preservation of their homes for the long-term.

Who the Project Serves

36 low-income households in Longmont that own mobile homes.

Community Impact

This cooperative (LMP Co-op) eliminates the homeowners' risk of displacement, gives them more control over lot rent fluctuations, and preserves affordable homeownership in Longmont.This was the second park in Colorado structured through the ROC USA (Resident Owned Communities) model and the first in which CHFA participated.

Project Partners

  • ROC USA 
  • Impact Development Fund
  • Thistle Communities 

How We Got the Deal Done

$1,194,800 CHFA Housing Opportunity Fund (CHFA HOF) gap financing 

Pair with these CHFA Programs

For the manufactured home communities, we would not likely pair more than one CHFA program. These would generally be funded with HOF.

Contact Multifamily Lending

Questions? Our solution-oriented team will help you find the right program to make your project a success. 1.800.297.2342 

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