https://n2v.almanacnews.com/square/print/2021/06/04/east-palo-alto-city-council-pledges-2m-to-keep-mobile-home-park-affordable

Town Square

East Palo Alto City Council pledges $2M to keep mobile home park affordable

Original post made on Jun 5, 2021

Residents of the Palo Mobile Estates mobile home park in East Palo Alto may have the opportunity this summer to purchase the lots they're currently renting.

Read the full story here Web Link posted Friday, June 4, 2021, 11:53 AM

Comments

Posted by Resident
a resident of another community
on Jun 5, 2021 at 1:39 pm
Resident is a registered user.

The “could be valued” lots “could be” valued at $300k to $400k after taxes? Does that figure seem low for a piece of property on the Peninsula with electric, water, and sewer accessibility? Will the council still help in the purchase if the lots are “actually” valued at $500k-$600k?

Also, will there be some sort of long term support needed for low income residents who could be saddled with $6k+-$7k+ property tax?

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