Promoting Resident Ownership of Manufactured Home Communities Act

Progress

Timeline

• Mar 24Referred to the House Committee on Financial Services.

Summary

**What it does:** This bill would create a new grant program within the existing Community Development Block Grant system. The program would provide federal funding to incentivize states to pass laws that make it easier for residents to buy the manufactured housing communities where they live. **Who it affects:** - Residents of manufactured housing communities (mobile home parks) - State governments that could receive grants - Local communities eligible for Community Development Block Grants **What would change:** Currently, most manufactured housing residents rent their land from park owners, making them vulnerable to rent increases or park closures. This bill would encourage states to create laws giving residents the right to collectively purchase their communities when they go up for sale. States that pass such laws would become eligible for additional federal grant money through the Community Development Block Grant program. The bill aims to provide more housing security and stability for manufactured housing residents by promoting resident ownership of their communities.

How This Affects You