Bill > S03835

This bill establishes the Manufactured Home Community Preservation Act, which creates a state program to help protect mobile home and manufactured home parks from being redeveloped or sold for other purposes. The act provides financial and technical assistance to counties, municipalities, rural preservation companies, and non-profit housing organizations to preserve affordable housing options. Key provisions include defining terms like "development rights" and "current property value," and authorizing the commissioner to develop guidelines for financial assistance, provide technical support, and disseminate information about the preservation program. The bill allows funds from the mortgage insurance fund to be used to support local governments and eligible non-profit organizations in acquiring development rights or purchasing mobile home parks. Additionally, the funds can be used to help relocate residents if necessary. The commissioner is required to submit biennial reports to the governor and legislature detailing the program's activities, including the types of technical assistance provided, financial support given, and the number of mobile home parks preserved through the initiative.