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Senate committee hears House staff on bill to reclassify manufactured homes, clarify cooperative rules
Summary
Presenters told the Senate Economic Development committee the bill aims to treat many modern manufactured homes as real property to improve financing terms, avoid double taxation and fix legal anomalies for limited-equity cooperatives so they can access grants and fund infrastructure upgrades.
The Senate Economic Development, Housing & General Affairs committee Tuesday heard House staff and advocates explain a technical bill that would change how many manufactured homes are titled and how limited-equity cooperatives (LECs) are treated for state grants and subleasing rules.
Supporters told the committee that modern manufactured homes — often affixed to foundations, built to HUD code and functionally indistinguishable from site-built houses — are currently caught between two legal regimes: personal property (chattel) when treated like vehicles and real property when conveyed with a deed. A presenter said the bill’s central change is to allow purchasers who meet the criteria to take title as real property, which would replace sales tax at purchase with property transfer…
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