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CA SB996
Bill
Status
Introduced
2/9/2026
Primary Sponsor
Steve Padilla
Click for details
AI Summary
- Allows manufactured homes and mobilehomes to be classified as real property for titling, taxation, and mortgage purposes without being installed on a permanent foundation, if the homeowner has a transferable lease or occupancy agreement of at least 30 years
- Applies to units in mobilehome parks, manufactured housing communities, or on land owned by community land trusts or cooperative housing corporations
- Requires the Department of Housing and Community Development to create new form HCD 433X and update regulations by January 1, 2028, to implement the alternative real property classification pathway
- Preserves existing Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) requirements for permanent foundation installation when mortgages are intended for sale to the secondary market
- Directs the State Board of Equalization to issue guidance to county assessors by July 1, 2027, and requires assessors to accept recorded installation notices as conclusive evidence of real property classification
Legislative Description
Manufactured housing: classification as real property.
Last Action
Set for hearing March 17.
3/3/2026
Committee Referrals
Housing2/18/2026
Rules2/9/2026
Full Bill Text
No bill text available