Notice of Intent to Submit Application – Colorado Division of Local Affairs (DOLA) Mobile Home Park Acquisition Fund
ROC USA Capital, a Community Development Financial Institution (CDFI), will submit an application to the Colorado Division of Local Affairs (DOLA) requesting $12,000,000 under the Mobile Home Park Acquisition Fund portion of the Proposition 123 Notice of Funding Opportunity (NOFO). ROC USA Capital is applying as the proposed Intermediary Lender under this program.
The purpose of this funding request is to capitalize a revolving acquisition loan pool that ROC USA Capital will use to provide below-market first mortgage acquisition financing to resident groups purchasing manufactured home communities (MHCs) throughout Colorado. Resident groups interested in acquiring their community will apply directly to ROC USA Capital for financing; this application does not involve or require formal assignment of any resident group’s rights under Colorado’s Opportunity to Purchase law.
This funding is intended to benefit persons with low and moderate incomes by increasing the availability and affordability of resident-owned manufactured home communities across Colorado. It is not the intent to cause displacement from any existing housing; however, if persons are displaced from their existing residences, reasonable housing alternatives shall be offered.
All interested persons are encouraged to contact the applicant for further information. Written comments should be sent to 1200 G Street NW, Washington, DC 20005 or mbustamante@rocusa.org, and will be forwarded to DOLA for consideration during the application process. Members of the public may request a public meeting by emailing Melisa Bustamante at mbustamante@rocusa.org. If a meeting is requested, notice of the meeting (date, time, and location) will be posted here to ensure other members of the public are aware. If reasonable accommodations are needed for persons attending the public meeting, please contact the Applicant.
Note: This notice constitutes public notice of ROC USA Capital’s intent to apply for DOLA funding. Any requested public meeting date will be scheduled at least five days after the date of this Notice, per DOLA guidance.
