Friday, July 21, 2017
This Wednesday, on July 19, U.S. Rep Keith Ellison, D-Minn., proposed a bill that would ultimately protect mobile home park residents from being evicted from their communities if or when the property sells. Primarily inspired by the closing of Lowry Grove Mobile Home Park in St. Anthony, MN, the legislation was named the Frank Adelman Manufactured Housing Community Sustainability Act in memory of one of Lowry Grove’s residents who committed suicide just days before the park closed.
“I’m... heartbroken for the thousands of families who were evicted from their communities when the land under their homes was sold,” Ellison said in a statement. “My bill gives residents a fighting chance to compete with developers and save their homes and communities.”
The bill also incentivizes park-owners to sell their property to either non-profit developers or park-residents through a 75% federal tax credit. Basically, if a property sold and the owner made a $1 million in profit, the capital gains tax would be $37,500 instead of the current $150,000 charge.
The bill is being supported by several advocacy groups, including the National Manufactured Home Owners Association (NMHOA), All Parks Alliance for Change and Prosperity Now.
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