Minnesota Housing Agency mandates notice for manufactured home park sales

Minnesota's Senate Bill 2691 is making waves as it seeks to reshape the landscape of manufactured home park ownership and resident rights. Introduced on March 17, 2025, the bill aims to enhance transparency and communication between park owners and residents, particularly when it comes to the sale or transfer of these properties.

At the heart of the legislation is a requirement for park owners to notify residents and the Minnesota Housing Finance Agency (MHFA) at least 60 days before accepting any offers for sale, lease, or transfer of a manufactured home park. This notice must detail the price and terms of the offer, ensuring that residents are kept in the loop about potential changes that could impact their living situation. Additionally, if a park owner receives an unsolicited offer, they must inform residents and the MHFA, allowing for the possibility of resident-led or nonprofit representation in negotiations.

The bill has sparked significant debate, particularly around the balance of power between park owners and residents. Proponents argue that it empowers residents, giving them a voice in decisions that directly affect their homes. Critics, however, express concerns that the added bureaucratic requirements could deter potential buyers, ultimately harming the market for manufactured home parks.

Experts suggest that the implications of Senate Bill 2691 could be far-reaching. By fostering a more collaborative environment, the bill may lead to increased stability for residents, who often face uncertainty in the face of ownership changes. However, the potential for reduced investment in these properties could pose economic challenges, particularly in areas where affordable housing is already scarce.

As the bill moves through the legislative process, its future remains uncertain. Advocates for resident rights are hopeful, while park owners are wary of the changes ahead. The outcome of Senate Bill 2691 could redefine the relationship between manufactured home park owners and residents, setting a precedent for similar legislation across the country.