Limits purchases of manufactured housing communities by large business and investment entities.

The bill restricts business and investment entities from acquiring interests in manufactured housing communities or lots if they already own at least five communities or 200 lots. Exceptions apply for eligible organizations and entities developing new communities. The bill also imposes civil penalties for violations and allows the attorney general to seek recovery of penalties. The intent is to prevent displacement of homeowners and maintain affordable homeownership opportunities.

Limits purchases of manufactured housing communities by large business and investment entities.

The bill restricts business and investment entities from acquiring interests in manufactured housing communities or lots if they already own at least five communities or 200 lots. Exceptions apply for eligible organizations and entities developing new communities. The bill also imposes civil penalties for violations and allows the attorney general to seek recovery of penalties. The intent is to prevent displacement of homeowners and maintain affordable homeownership opportunities.