Manufactured Housing Community Sustainability Act of 2026

The Manufactured Housing Community Sustainability Act of 2026 creates a new federal tax credit to encourage the sale of manufactured home communities to residents or nonprofit organizations. This bill directly affects current owners of manufactured home parks who wish to sell their land and the buyers who want to preserve these communities as affordable housing. Under the law, a seller can claim a tax credit equal to 75 percent of their profit if they sell the property to a qualified resident-owned cooperative or nonprofit that agrees to keep the community affordable for at least 50 years. To prevent abuse, the bill includes a penalty requiring the buyer to pay 20 percent of the sale proceeds if the community is later sold for profit or fails to maintain its affordable status. The provisions take effect for sales occurring after December 31, 2026, aiming to stabilize housing costs for low-income families living in these communities.