Parklane Mobile Home Park residents purchase park in Fort

Residents of Parklane Mobile Home Park finally own their properties.

Residents of the park, located just outside city limits in northeast Fort Collins, formed a nonprofit — United Neighbors/Vecinos Unidos — to help them buy the park shortly after their landlord told them it would go up for sale in December, according to a news release from the nonprofit.

The sale closed Monday. The park is located in Fort Collins’ growth management area, off East Mulberry Street, north of the Best Western Kiva Inn and Charco Broiler restaurant.

Residents bought the park for $6.8 million, outbidding a large investor, said Nicole Armstrong, United Neighbors/Vecinos Unidos board member.

The funds came from multiple sources: Larimer County provided a $1 million forgivable loan using American Rescue Plan funds; the Bohemian Foundation provided a $2.8 million loan; and residents received a $3 million loan from the Impact Development Fund. Residents worked with neighboring nonprofits — The Genesis Project and Matthews House — for help with securing financing and navigating the buying process, according to the news release.