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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