Mobilehomes.

Existing law authorizes the Department of Housing and Community Development to make loans from the Mobilehome Park Rehabilitation and Purchase Fund, a continuously appropriated fund, including loans to qualified nonprofit housing sponsors or local public entities to acquire a mobilehome park where no less than 30% of residents at the time of acquisition are low income or to make loans to a resident organization or nonprofit housing sponsor to assist park residents with needed repairs or accessibility upgrades to the mobilehomes if specified criteria are met. Existing law authorizes the department to adopt related regulations. This bill would authorize the department to make loans from the fund to a qualified nonprofit housing sponsor or a local public entity to acquire or rehabilitate a mobilehome park where no less than 30% of residents at the time that the loan application is filed are low income. The bill would also authorize the department to make loans or grants from the fund to a resident organization, nonprofit housing sponsor, or public local entity to assist park residents with needed repairs or accessibility upgrades. The bill would also require, for those loans issued on or after January 1, 2019, loan payments to be deferred for the full term of the loans, except as specified. The bill would require the department to charge a certain transaction fee related to the loan. The bill would delete the express authority to adopt related regulations. This bill would also authorize the department to make development loans, as defined in existing law, from the fund to a qualified nonprofit housing sponsor, resident organization, or local public entity for the development of a new mobilehome park to replace a mobilehome park that has been destroyed by a natural disaster, as provided, and is located within 20 miles of the destroyed mobilehome park. The bill would also require, for those loans, loan principal payments to be deferred for the full term of the loans, except as specified. The bill would require the department to charge a certain transaction fee related to the loan. By expanding the purposes of, and increasing amounts deposited into, a continuously appropriated fund, this bill would make an appropriation.