As corporations gobble up mobile home parks and raise rent at rates that many cannot afford, Democrats in the state are working on a bill to cap rent increases.
Heather Malone and her family were priced out of the apartment market in Golden 10 years ago, so they moved into a mobile home park.
Now Malone is forced to think about getting another job — perhaps at a grocery store, to get extra cash and a discount on food. It would mean seeing her children less. Another rent increase, even a small one, could mean her family will need to go elsewhere. Critics warn heavy-handed regulation could produce unintended consequences, causing park owners to sell their properties or kick out tenants to build more lucrative apartment buildings. Industry experts say the legislation, as drafted, would vault Colorado into the upper tier of states trying to preserve mobile home parks as an affordable option during a nationwide housing crisis.
Colorado would not be the first place to see rent stabilization for mobile homes – these statutes exist infirst to implement statewide rent controlDemocrats control both chambers of the Colorado legislature and decide what passes and fails. Some version of this bill is nearly assured to pass, but the big question is whether its more controversial and impactful provisions — capping rent increases, namely — will survive a coming onslaught of proposed amendments.
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