Mobilehome Park Purchase Fund: park relocation costs.

Existing law authorizes the Department of Housing and Community Development to make loans from the Mobilehome Park Purchase Fund to mobilehome park residents or resident organizations to finance conversion of the parks to resident ownership. Existing law also authorizes these loans to be made to qualified nonprofit housing sponsors or local public entities. The fund is continuously appropriated to the department for the purpose of providing these loans and for related administrative costs. Existing law authorizes these funds to be used to finance the costs of relocating a mobilehome park to a more suitable site within the same jurisdiction upon a specified determination of the department. This bill would instead specify that the funds may be used to finance the costs of relocating a park to a different site within the same jurisdiction.