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S.F. No. 2909 - Manufactured Home Park Closings
 
Author: Senator Justin D. Eichorn
 
Prepared By: Greg Knopff, Senate Analyst (651/296-9399)
 
Date: March 12, 2018



 

Section 1 [Manufactured home park closing; neutral third party] provides that a qualified neutral third party for the purposes of manufactured home park closings must be familiar with manufactured housing and the closing provisions of Minnesota Law.  The neutral third party must keep a detailed accounting of all payments from the manufactured home trust fund and provide the information to the manufactured park owner, the municipality, and the Housing Finance Agency.

Section 2 [Manufactured home park closing; right of first refusal] requires manufactured homeowners who are making an offer to meet the cash price for the manufactured home park to covenant and warrant that the land will be continued as a manufactured home park for at least six years after sale.

Section 3 [Manufactured home relocation trust fund] increases the minimum balance amount in the manufactured home relocation trust fund to trigger an assessment on manufactured homes to $3 million from $1 million.  This section also waives the annual assessment for any manufactured home park owner who has not received an assessment from the Commissioner of Management and Budget by August 30.

Section 4 [Relocation expenses; report] increases the maximum relocation payment for relocation of a single manufactured home section within a 25-mile radius to $9,000 from $7,000.  This section also:

  1. requires the neutral third party to process reimbursement payments within 14 days;
  2. increases the maximum amount that may be deducted for demolition and removal of a manufactured home to $3,000 from $1,000 when a manufactured home owner tenders title to the home in lieu of moving;
  3. moves the date required for the manufactured home relocation trust fund annual report to August 15, each year; and
  4. provides additional information on the annual manufactured home relocation trust fund annual report.

Section 5 [Reporting on manufactured home parks] requires the Department of Health and delegated local authorities to annually report to the Department of Management and Budget with the names, addresses, and other data on manufactured home parks licensed by the department or local authority.

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