Bill Passed in 2014
AB 225 (formerly AB 692) was passed in 2014 and will become law on January 1, 2015. This law changes the criteria for use of MPROP Funds. The current MPROP (Manufactured Home Park Resident Ownership Program) fund has a surplus of $20 million dollars. This fund is generated by your mobilehome licensing fee annually. Changes are proposed which would encourage resident-initiated park purchases, enable the acquisition and rehab of a park by non- profit developers who would own and operate a park, and lastly, allow a portion of the fund to be used by individual homeowners residing in the park to be purchased.
This bill became a new law on January 1, 2015!
Thanks to all of you who made this possible with your phone calls and letters!
Reply to: Bob Stewart – Legislative Action Team Co-ordinator – firstname.lastname@example.org.