Promoting Resident Ownership of Manufactured Home Communities Act

This bill amends the Housing and Community Development Act of 1974 to establish a federal grant program that incentivizes states, Indian tribes, and insular areas to adopt laws enabling residents of manufactured housing communities to purchase their communities. The bill requires participating jurisdictions to adopt model law criteria that give residents a 60-day notice and right of first refusal when a community owner receives an offer to sell, and establishes procedures for resident groups to negotiate purchase agreements. Eligible entities receiving grants must use at least 25 percent of funds for land acquisition and infrastructure for resident-owned communities, with remaining funds available for other community development activities.

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