THE San Luis Valley Housing Coalition is looking to purchase the Century Mobile Home Park in south Alamosa to add to its affording housing efforts. The housing non-profit will go before the Alamosa City Council on Wednesday to ask for assistance with the purchase.
The city council will have a work session on the sale of Century Mobile Home Park ahead of its meeting Wednesday. The work session is slated for 6 p.m. and will take up a recommendation from City Manager Heather Brooks and staff that the city provide up to $1.1 million in gap funding for the purchase of Century Mobile Home Park by the SLV Housing Coalition.
The owner of the mobile park has an offer of $6.8 million from a private buyer, but because the property appraised for $5.765 million, the non-profit SLV Housing Coalition was only able to offer the appraised value.
The city says the gap in the appraisal is due to the assumption that the entire sewer system needs replacement. Brooks and her staff are recommending that the city help the SLV Housing Coalition meet the $6.8 million asking price by providing gap funding until the non-profit housing coalition can apply for additional grants to meet the purchase price and repair the sewer system.
Here’s our earlier story.