The Manufactured Housing Community Preservation Act directs the Secretary of Housing and Urban Development to create a grant program to help nonprofits, resident-formed cooperatives, and other local entities purchase and maintain an MHC through awards of up to $1 million. The legislation includes oversight provisions to ensure rents remain affordable for residents after purchase by grant recipients.
“I met with the residents of Midwest Country Estates in Waukee. I heard their pain after facing astronomical rent increases and the possibility of losing their homes,” said Axne. “This legislation will protect residents, particularly seniors and fixed-income Iowans living in these mobile home communities, by providing the tools necessary to preserve their affordable housing and protect against corporations spiking their rents merely to line their pockets.”