AN ACT ESTABLISHING A CAP FOR ANNUAL RENT INCREASES IN MOBILE MANUFACTURED HOME PARKS.

SB 991 caps annual rent increases in mobile manufactured home parks at 1% plus the prior year's change in the Consumer Price Index for urban consumers. This bill directly affects residents living in mobile home parks and their landlords by limiting how much rents can rise each year. The key mechanism sets a specific formula for rent adjustments, preventing sudden or excessive increases tied to inflation. The legislation aims to provide greater housing cost stability for mobile home park residents.