SB2867 Summary

• Amends the Manufactured Home Landlord and Tenant Rights Act to define "manufactured home owner" and "displaced manufactured home owner" and creates the Manufactured Home Owners Relocation Trust Fund administered by the Illinois Department of Public Health.

• Requires community owners ceasing operations to pay 50% of relocation expense allowances ($1,000 per displaced home owner) and actual relocation costs or abandoned home payments into the Trust Fund.

• Establishes a $1 monthly fee per rented lot in manufactured home communities to fund the Trust Fund, adjustable up to $3 per month at the Department's discretion, collected by community owners as additional rent.

• Provides displaced manufactured home owners with relocation options: relocation cost coverage (moving and reconnection within 100 miles), or abandonment payments of $3,500 for single-section or $7,500 for multi-section homes, or the appraised fair market value of the home.

• Requires community owners to notify tenants within 5 days of zoning change applications and mandates 14-point font disclosure in closure notices about Trust Fund compensation eligibility; establishes $10 million fund cap and annual audit requirements.