What does Preamble of Manufactured Housing Community Sustainability Act of 2026 do?

This bill proposes to amend the Internal Revenue Code of 1986. It aims to allow a business credit for gains resulting from the sale of real property. The real property must be used for a manufactured home community.

What does SHORT TITLE. of Manufactured Housing Community Sustainability Act of 2026 do?

This bill is formally titled the Manufactured Housing Community Sustainability Act of 2026.

What does FINDINGS. of Manufactured Housing Community Sustainability Act of 2026 do?

This section outlines findings related to manufactured housing and manufactured home communities. Over 22 million people live in HUD-code manufactured homes, representing a significant portion of the nation's housing stock. Owners of manufactured homes are disproportionately low-income, with a median annual household income of $35,000. Manufactured home communities provide critical affordable housing but receive limited federal funding. Homeowners in these communities often do not own the land, making them vulnerable to rent increases and community closure. Resident-owned cooperatives and nonprofit-owned communities offer a model for preserving affordability and promoting homeownership. Currently, only 2.4% of manufactured home communities are resident or nonprofit-owned. The section concludes that a federal tax benefit should be established to encourage community owners to sell to residents or nonprofits committed to long-term preservation.

What does TAX CREDIT FOR MANUFACTURED HOME COMMUNITY SALE TO RESIDENTS OR of Manufactured Housing Community Sustainability Act of 2026 do?

This section amends the Internal Revenue Code to establish a tax credit for the sale of manufactured home communities to residents or nonprofit entities. The credit is equal to 75% of the qualified gain received by the taxpayer. To qualify, the real property must be sold to a qualified manufactured home community cooperative or corporation, acquired for use as a manufactured home community, and subject to a covenant ensuring its use as such for at least 50 years (or the maximum permissible term under state law). A 'qualified manufactured home community cooperative or corporation' is a cooperative or nonprofit corporation established under state law, with governance structured equitably among members. The seller and buyer must execute an affidavit confirming the sale meets the requirements, which must be recorded and referenced in the deed. A 20% tax is imposed on the buyer for violating the covenant regarding the property's use as a manufactured home community. The amendments apply to taxable years beginning after December 31, 2026.

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Manufactured Housing Community Sustainability Act of 2026

Last updated: 5/20/2026 · Introduced: 5/20/2026

Author: Jeanne Shaheen (D-NH)

TL;DR (AI)

This bill establishes a federal tax credit equal to 75% of the qualified gain for owners who sell manufactured home communities to resident cooperatives or nonprofit organizations.
To qualify for the tax credit, the sale must include a 50-year covenant ensuring the property remains a manufactured home community, with a 20% tax imposed on the buyer for violations.
The bill defines 'qualified manufactured home community cooperative or corporation' as a resident-governed cooperative or nonprofit committed to long-term preservation of the community.

119th Congressin committeeHR. 8988(In Committee)Official page

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Includes provisions on preamble, short title., and 2 more.

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