Parklane Mobile Home Park residents purchased a park in the Fort Collins area

Members of United Neighbors/Vecinos Unidos, the nonprofit representing Parklane Mobile Home Park in Larimer County, are pictured with realtors as the purchase of the park is finalized.

Parklane Mobile Home Park residents finally own their property.

Residents of the park, just outside the city limits in northeast Fort Collins, formed a nonprofit organization — United Neighbors/Vecinos Unidos — to buy the park shortly after its owner told them it was up for sale in December, according to the news. Dismissal from charity.

The sale closed on Monday. The park is located in the Fort Collins Growth Management Area, just north of East Mulberry Street, the Best Western Kiva Inn and Charco Broller Restaurant.

The residents bought the park for $6.8 million, out of a large investor, said United Neighbors/Vecinos Unidos board member Nicole Armstrong.

The funds came from several sources: Larimer County offered a $1 million forgivable loan using American Rescue Plan funds. Bohemian Foundation lends $2.8 million; And residents received a $3 million loan from the Impact Development Fund. The residents also helped secure funding from neighboring nonprofits — The Genesis Project and Matthews House — and oversee the purchase process, according to the news release.

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