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)

SB 1027 gives mobile home residents the right to collectively purchase their community if 51% of adult residents approve, requiring owners to provide 60-day notice before selling or closing. The bill creates tax incentives for owners who sell to resident groups, homeowner associations, or nonprofits, and defines "maintenance costs" to exclude capital improvements. It also mandates annual inspections, evacuation plans for emergencies, and requires owners to notify residents of sales offers or foreclosure. These changes directly affect mobile home community owners and residents in Wisconsin, aiming to increase resident control and transparency.