Plain English Breakdown
The bill was stricken in the House, so it did not become law as proposed.
Rent Increase Rules for Manufactured Home Communities
This bill sets rules for when and how rent can be raised in manufactured home communities, including a ban on using school district taxes as a reason to raise rent in the 2025-2026 tax year.
What This Bill Does
- Creates new formulas that community owners must follow if they want to increase rent in a manufactured home community.
- Allows community owners to raise rent if their costs, like taxes, go up more than what is expected based on the county's cost of living index over two years.
Who It Names or Affects
- Community owners who manage manufactured home communities
- Residents of manufactured home communities
Terms To Know
- CPI-U
- Consumer Price Index for All Urban Consumers, which measures the average change in prices paid by urban consumers for a market basket of consumer goods and services.
Limits and Unknowns
- The bill only applies to manufactured home communities.
- It does not cover other types of housing or rent increases based on reasons other than school district taxes.
- This amendment was stricken in the House, meaning it did not become law as proposed.