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 the Minnesota Housing Finance Agency include specific information in their annual letters to manufactured home 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 additional information about programs and resources available to manufactured home park residents and owners.

Furthermore, the bill outlines the payment obligations of manufactured home park owners to the Minnesota manufactured home relocation trust fund when a manufactured home owner is required to move due to park closure or conversion. It specifies conditions under which park owners are exempt from making these payments, such as if the owner relocates the resident at their expense or if the resident has abandoned the home. The bill also establishes a process for assessing park owners if the trust fund balance falls below $2 million, including a $15 assessment per licensed lot, which can be recouped from residents.

Statutes affected:
Introduction: 327C.095