What this bill does
AI plain-language summaryThis bill sets rules that manufactured home communities and parks must follow to get certain government-backed loans. To be eligible for loans insured by the Department of Housing and Urban Development or purchased by Fannie Mae and Freddie Mac, these communities must provide tenant protections like one-year renewable leases, 60-day notice before rent increases or community sales, a five-day grace period for rent payments, and the right for tenants to sell their homes after eviction. The bill includes penalties for violating these protections and creates a commission to suggest additional consumer protection standards.
Introduced
March 27, 2025
Policy Area
Finance and Financial Sector
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