Relating to: residents’ right to purchase and regulations regarding a mobile or manufactured home community, low-interest loans and tax incentives for owners of mobile or manufactured home communities, and providing a penalty. (FE)

AB 1049 strengthens residents' rights in mobile or manufactured home communities by requiring owners to provide 12 months' notice before closing and 14 days' notice for sales or foreclosure, while granting residents a 90-day window to form a group (with 51% approval) to purchase the community. The bill also creates tax incentives for owners by excluding income from sales to resident groups from taxable income for years after 2025. Additionally, it establishes new operational standards, including annual inspections, defined maintenance responsibilities (like roads and utilities), and mandatory evacuation plans for emergencies. These changes directly affect mobile home community owners and residents in the state.