Bill > HF2964

This bill modifies the existing legal requirements for park owners when they receive an unsolicited offer to purchase a manufactured home park. The bill requires park owners who receive such an offer to send a notice by certified mail to the Minnesota Housing Finance Agency and by regular mail to each park resident household. The notice must now include four specific elements: (1) an indication that the park owner is considering an offer, (2) disclosure of the price range and key terms of the potential sale, (3) an opportunity for residents or a nonprofit representing residents to make a competing offer, and (4) a monitored email address and phone number for inquiries about the sale. The contact information must be actively monitored during business hours to ensure timely responses. The bill emphasizes that the park owner is not obligated to sell to residents or their representatives and remains free to negotiate with other potential buyers. Additionally, the Minnesota Housing Finance Agency must distribute the notice to resident representatives and registered nonprofits within five days of receipt and maintain a public list of these representatives and organizations on its website. The changes aim to provide more transparency and opportunity for residents when a manufactured home park is potentially being sold.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2964&ssn=0&y=2025