Manufactured Housing Community Sustainability Act of 2024

This bill creates a federal tax credit to help preserve affordable manufactured home communities (mobile home parks). It offers a 75% tax credit to landowners who sell their property to resident-owned cooperatives or nonprofits, provided the new owners commit to using the land for manufactured housing for at least 50 years. The credit targets communities where residents own their homes but not the land, which often leaves them vulnerable to sudden rent hikes or displacement. This policy aims to support low-income households - many earning under $50,000 annually - by incentivizing long-term affordability through resident ownership models.