Mobile home residents in Bangor secure funding to buy park [Video]

BANGOR, Maine — Residents of Cedar Falls Mobile Home Park in Bangor have secured financing to buy the land their homes sit on.

Last year, they successfully submitted an $8 million bid to prevent the property from being sold to a Canadian developer that planned to increase monthly rent by $35 a year.

This opportunity stems from a 2023 Maine law requiring park owners to give residents a 60-day notice before a sale, allowing them to submit an offer to buy the property.

Ronnie Pinkham, president of the Cedar Falls Resident Cooperative, said the group has made significant progress. “We’re on the right road to success,” she said.

Last month, the Bangor City Council voted to give the resident cooperative $500,000.

In a statement, Bangor City Council Chair Cara Pelletier said, “This gives the co-op and the Cedar Falls residents long-term stability and …