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Committee considers package of bills easing burdens on resident-owned manufactured housing communities
Summary
Multiple bills (including SB 165 and related measures) would raise audit thresholds and require resale disclosure for resident-owned communities (ROCs); proponents said the changes would reduce costs for low- and moderate-income homeowners while preserving transparency.
The committee heard several related bills affecting resident-owned communities (ROCs) in manufactured housing parks.
Senator Kevin Avard introduced SB 165, which would raise the statutory revenue threshold that triggers a required full audit for a consumer cooperative (a ROC) from $250,000 to $2,000,000, aligning ROC audit thresholds more closely with nonprofit standards. Testimony from the New Hampshire Community Loan Fund, ROC advocates, managers and resident leaders said the change would reduce a…
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