The bill amends Minnesota Statutes 2024, section 327C.095, subdivision 12, to establish additional requirements for notice letters related to manufactured housing. It mandates that if a manufactured home owner must relocate due to the conversion or closure of a manufactured home park, the park owner is required to pay a specified amount to the Minnesota manufactured home relocation trust fund. This payment is contingent upon certain conditions, such as the owner not being current on rental payments or having abandoned the home. The bill also outlines the process for assessing park owners if the fund balance falls below $2,000,000, including a $15 assessment for each licensed lot.

Additionally, the bill introduces new information that must be included in the annual letter from the Minnesota Housing Finance Agency to park owners. This includes details about a tax credit for sales of manufactured home parks to cooperatives and notice requirements for unsolicited sales. The agency is also permitted to provide further information about programs and resources available to residents and owners of manufactured home parks. The notice to residents will emphasize the mandatory nature of the fee and outline the payment deadline, ensuring that residents are informed of their obligations.

Statutes affected:
Introduction: 327C.095