Bill > SF3165

This bill modifies existing Minnesota law regarding notice requirements when a manufactured home park owner receives an unsolicited offer to purchase the park. The bill requires the park owner to mail a notice to the Minnesota Housing Finance Agency and each park resident household when considering an unsolicited purchase offer. The notice must include four key elements: (1) an indication that an offer is being considered, (2) disclosure of the price range and material terms of the potential sale, (3) an opportunity for residents or a nonprofit representing residents to make a counter-offer, and (4) contact information (email and phone) that is monitored during business hours for inquiries about the sale. The bill emphasizes that the park owner is not obligated to sell to the residents or their representatives and can continue negotiations with other potential buyers. Additionally, the Minnesota Housing Finance Agency must distribute the notice to registered representatives and nonprofits within five days and make a public list of these groups available on their website. The changes aim to provide manufactured home park residents with more transparency and opportunity when their park is potentially being sold.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3165&ssn=0&y=2025