Promoting Resident Ownership of Manufactured Home Communities Act
Rep. Frost Introduces Bill to Help Mobile Home Residents Buy Their Communities
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Financial Services for review. It is actively moving forward as it awaits further study by committee members. There are no upcoming votes scheduled at this time.
Legislative Progress
While housing affordability is a major concern, this bill faces hurdles because it asks states to change their property laws and creates new federal spending during a period of high budget tension.
Key Points
Impact Analysis
Personal Impact
Life & Work
Owners of manufactured housing communities would face new sale restrictions if their state adopts the model law. They would be required to give 60-day notice before selling, negotiate in good faith with resident groups, and could not reject offers based solely on financing contingencies. While owners retain the right to sell to the highest bidder, the process adds complexity and could slow transactions.
Programs
Milestones
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Promoting Resident Ownership of Manufactured Home Communities Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.