The proposed bill, General Assembly Proposed Bill No. 991, aims to amend chapter 412 of the general statutes by establishing a cap on annual rent increases in mobile manufactured home parks. Specifically, the bill stipulates that rent increases will be limited to one percent plus any change in the consumer price index for urban consumers from the previous year. This measure is intended to provide financial stability for residents of mobile manufactured home parks by controlling the rate at which their rent can increase annually.

The bill introduces new legal language that specifies the cap on rent increases, while no existing legal language is deleted from current law. The overarching goal of this legislation is to protect tenants in mobile manufactured home parks from excessive rent hikes, thereby promoting affordable housing options within these communities.