Congress is moving to make manufactured housing communities more sustainable.
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Important Bill to Sustain Manufactured Housing Communities
There is movement in Congress to make it easier for owners of manufactured homes to purchase their manufactured housing communities. Earlier this year, Rep. Omar (D-MN-5) reintroduced the Manufactured Housing Community Sustainability Act in the House with seven co-sponsors. This month, Sen. Jeanne Shaheen (D-NH) introduced a companion bill in the Senate.
The Community Sustainability Act provides a significant tax credit to landowners who sell community land to residents, cooperatives or mission-driven nonprofits instead of investors. The tax credit is equal to 75% of the gain on the sale of the property. While the reintroduction of the Community Sustainability Act is great news, this bill has yet to become a law. That happens by getting a critical mass of bipartisan support to bring the bill up for a vote. You can help make this happen by contacting your Representative and Senators and asking them to cosponsor the Sustainability Act.
By taking this step, you are investing in the safety and financial security of manufactured homeowners and giving them greater say over the future of their communities. For additional questions about this bill, please contact Anju Chopra at [email protected].
