Promoting Resident Ownership of Manufactured Home Communities Act
Sponsored By: Representative Frost, Maxwell [D-FL-10]
Introduced
Summary
Incentivize resident ownership of manufactured housing communities. This bill would create a HUD competitive grant program to reward States, insular areas, and Indian tribes that adopt model purchase-right laws or show data that residents get effective chances to buy and run their manufactured home parks.
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- Residents: Communities must get written notice at least 60 days before a sale is finally accepted. Resident homeowner groups have 60 days to submit a purchase offer, and if accepted terms match the seller’s price the owner must sell or else negotiate in good faith; groups then have 120 days to form a homeowner-governed entity and close financing. Residents also keep rights to meet, form associations, use common areas for meetings, circulate flyers, and be free from retaliation.
- States, tribes, and local recipients: Eligible entities must be Title I recipients and either adopt the model laws or submit data showing effective purchase chances. Grant winners stay eligible for 3 years and must spend at least 25% of funds on land or site acquisition and infrastructure.
- Owners and program rules: Owners must give separate purchase opportunities for each substantially different offer and may not impose penalty provisions that block resident purchases. HUD may waive some statutory or regulatory requirements for grant use but may not waive fair housing, nondiscrimination, labor, environmental, or low- and moderate-income benefit rules.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
HUD grants to help residents buy parks
If enacted, HUD would set up a competitive grant program within 1 year to help residents buy manufactured home communities. Congress would need to provide money; the bill authorizes "such sums as may be necessary." At least 25% of each grant would have to pay for land, site acquisition, or infrastructure for a community owned by an eligible owner. Grants could not reduce existing Title I formula assistance under section 106. States, tribes, or insular areas would qualify if they adopt the bill's model-law criteria or submit data showing at least 80% notice rates and at least 1 purchase by residents in 20 sales over a recent 1–5 year period; HUD could adjust that definition for market conditions. The bill would also define which properties count as manufactured housing communities and which groups (for example, resident-owned cooperatives, housing authorities, CDFIs, tribes, or local governments) count as eligible owners.
Resident purchase rights and notice
If enacted, owners would have to give written notice to residents and the relevant housing agency at least 60 days before finally accepting an offer to sell, lease, or transfer a community. Residents or their designee would have 60 days after that notice to submit a proposed purchase agreement and show support from owners of more than 50% of occupied homes. If the resident offer matches price and substantially the same terms, the owner would have to sell on those terms. If terms differ, the owner would have to consider the offer and negotiate in good faith and could not reject it solely because it includes a financing contingency. After a purchase agreement, the resident group would have 120 days to form a homeowner-run corporation or cooperative and then a commercially reasonable time to close. The bill lets states and tribes exempt some transfers, like family gifts or eminent domain.
Sponsors & CoSponsors
Sponsor
Frost, Maxwell [D-FL-10]
FL • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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