US HB2461

Federally backed loans for manufactured home communities (through HUD, Fannie Mae, and Freddie Mac) would only be available to owners who include minimum consumer protections in all lease agreements, effective 180 days after enactment

Required tenant protections include 1-year renewable leases, 60-day written notice of rent increases with justification, 5-day grace periods for rent, 15-day right to cure defaults, and rights to sell homes in place without relocating

Tenants who own their manufactured homes must be allowed to sublease or assign pad site leases to buyers, post "For Sale" signs, and receive 60-day advance notice of planned community sales or closures with a good-faith negotiation period

Violations trigger penalties including minimum 2-year bans from federal housing financing for willful violations, plus mandatory payments to tenants ranging from 6 months rent to the home's sale price depending on violation type

Establishes a 16-member Manufactured Home Community Lending Standards Commission to propose enhanced consumer protections within 1 year, and requires FHFA to develop a standard site-lease agreement for enterprise single-family mortgage programs