An act relating to manufactured homes and limited equity cooperatives

Summary

The act revises how mobile (manufactured) homes are defined, transferred and taxed, and it sets new standards for limited‑equity housing cooperatives, including a ban on subleasing (with hardship exceptions), nonprofit treatment, and low‑ and moderate‑income focus. It also aligns zoning rules, exempts these cooperatives from certain storm‑water permits, and provides sales‑tax, property‑transfer‑tax and property‑tax relief for qualifying homes and cooperatives. The changes aim to make affordable housing more accessible and simplify ownership of manufactured homes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share