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Legislative Focus -- H1700

Adam R.'s picture

Posted July 23, 2007

Rep. Susan Fisher has sponsored a bill in the North Carolina General Assembly that would support residents when their land-lease communities are sold. H1700 would give residents a 60 day period in which to match any sales offer. It would also provide a tax credit to owners who sell their communities to residents.

In May, Minnesota passed a law creating the Minnesota Manufactured Home Relocation Trust Fund. This law will guarantee that upon a park closure, residents will get "reasonable compensation" to move their home. If it cannot be moved, then the fund will purchase their home.

Funding for the the MMHRTF comes from an annual $12 per household dues paid

by all land-lease park residents in the state. When a park closes, park owners must also then pay a fee.

Currently, about four parks close every year in Minnesota.