The proposed bill, General Assembly Proposed Bill No. 991, aims to establish a cap on annual rent increases in mobile manufactured home parks. Specifically, it seeks to amend chapter 412 of the general statutes to limit these increases to one percent, in addition to any changes in the consumer price index for urban consumers from the previous year. This legislative change is intended to provide greater stability and predictability for residents living in mobile manufactured home parks regarding their rental costs.
The bill does not include any deletions from current law but introduces new legal language to implement the proposed cap on rent increases. By setting this limit, the bill addresses concerns about affordability and the financial burden on residents in mobile manufactured home parks, ensuring that rent increases remain manageable in relation to inflation.