This bill aims to provide assistance to manufactured home owners facing economic displacement by establishing eligibility criteria for such assistance and removing the maximum threshold for aid from the manufactured home relocation trust fund. It introduces a new definition of "economic displacement," which occurs when a manufactured home owner's lot rent increases significantly, prompting the need to relocate. The bill amends several sections of Minnesota Statutes, including the addition of a subdivision that defines economic displacement and modifies existing provisions regarding payments to the Minnesota manufactured home relocation trust fund.

Key changes include the elimination of the maximum fee of $15 for park owners contributing to the relocation trust fund, which will now be determined by a new unspecified amount. Additionally, the bill expands the circumstances under which manufactured home owners can receive relocation assistance to include economic displacement, alongside park closures and conversions. It also revises the compensation structure for relocation costs, allowing for greater flexibility and support for those affected by these changes. Overall, the bill seeks to enhance protections and support for manufactured home owners in Minnesota facing economic challenges.

Statutes affected:
Introduction: 327C.015, 327C.03, 327C.095