Bill > HB1768

This bill aims to preserve manufactured housing communities by restricting large investment and business entities from purchasing existing manufactured housing communities and lots. Specifically, the bill prohibits a business entity from purchasing additional manufactured housing communities or lots if it already owns at least five communities or 200 lots, and completely bans investment entities from purchasing such properties. The legislation defines key terms like "business entity" (which includes corporations, partnerships, etc.), "investment entity" (such as real estate investment trusts), "manufactured housing community" (properties rented for mobile homes), and "manufactured housing lot" (a specific location for a mobile home). Exemptions exist for eligible organizations and entities developing new manufactured housing communities. Violations of these restrictions will result in civil penalties up to $100,000 per violation, with additional penalties if the violating entity fails to sell the improperly acquired property to an independent third party within one year. The legislature's intent is to protect affordable housing options, particularly for senior and low-income households, by preventing large corporate entities from displacing current residents through significant rent and fee increases. The bill frames these restrictions as a consumer protection measure, emphasizing the public interest in maintaining affordable housing options.

Budget and Finance, Housing and Urban Affairs

https://app.leg.wa.gov/billsummary?BillNumber=1768&Year=2025&Initiative=false