City Purchases Ponderosa Mobile Home Park for $4.2 Million
The annexation process is expected to begin in 2018 with infrastructure upgrades beginning later in the year
The City of Boulder announced today that it has purchased the 6.46-acre Boulder County enclave located at 4475 North Broadway from the Mantle Ranch Real Estate LP for $4.2 million. The city purchased the property to ensure long-term affordability for the residents and to address ongoing concerns of the condition of the current infrastructure. This property is currently in the county but surrounded by the city. The purchase of this property will lead to an annexation into the city and an upgrade of infrastructure and housing. The annexation and redesign efforts will be focused on minimizing displacement of the residents and improving health and safety, while maintaining and creating permanently affordable housing for the approximately 190 current residents.
The mobile home park has been operating in Boulder County since the 1950s, and over time the city limits have changed to surround the property, creating an enclave. Providing utility, health and safety services has at times been challenging and required coordination between the city, county and property owners. After annexation, the city will be responsible for providing these services and for replacing the existing utility infrastructure. The flooding events of 2013 demonstrated a need for resilience investment and qualified the property for funding through the Community Development Block Grant – Disaster Recovery (CDBG-DR). The award from this federal grant provided $3.6 million for this purchase, with the remaining balance provided by the city’s Affordable Housing Fund.
“This particular property and its condition has been a concern of the city for many years. We are pleased to have found a path to purchase this property with the Mantel family. Over this past year, we have met with many of the residents at Ponderosa and we will work with this tightknit community that exists, to create a resiliency and permanent affordability,” said Deputy Director of Housing, Kurt Firnhaber.
The annexation process is expected to begin in 2018 with infrastructure upgrades beginning later in the year and continuing through 2019. After completion of the redevelopment, the city will work with residents to identify a long-term owner of the land, such as a resident cooperative or nonprofit, that will ensure long term affordability.
Published Aug. 1, 2017
Kurt Firnhaber, Division of Housing, 303-441-4424
Zach McGee, Media Relations, 303-868-6810