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Tax Credit to Help Residents Buy Mobile Home Parks

A new law offers a significant tax credit to owners who sell manufactured home communities (mobile home parks) to resident groups or non-profit organizations. This aims to make it easier for residents to buy the land their homes are on, providing more stable and secure housing.
Key points
Offers a 75% tax credit on the profit for owners selling mobile home parks to resident groups or non-profits.
Requires the property to be kept as a mobile home park for at least 50 years, protecting residents.
Helps residents potentially own the land under their homes, increasing housing security and stability.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4475
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2022-06-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Manufactured Housing Community Sustainability Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4475.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-06-23.

What are the main provisions?

Key points include:

  • Offers a 75% tax credit on the profit for owners selling mobile home parks to resident groups or non-profits.
  • Requires the property to be kept as a mobile home park for at least 50 years, protecting residents.
  • Helps residents potentially own the land under their homes, increasing housing security and stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Shaheen, Jeanne [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Real Estate