Mobilehome Rent Assistance. Mobilehome Rent Control Restrictions.

MOBILEHOME RENT ASSISTANCE. MOBILEHOME RENT CONTROL RESTRICTIONS. INITIATIVE STATUTE. Requires mobilehome park management to administer and provide rent subsidy equal to ten percent discount on monthly rent to tenants meeting residency and income requirements, when ten percent or less of occupied spaces are covered by rent control or rent subsidy. Establishes priorities for, and conditions for losing, rent subsidy. Invalidates existing, and prohibits new, state mobilehome rent control laws. Limits existing, and prohibits new, local mobilehome rent control laws. Prohibits such laws from requiring reductions in rent and limiting increases in rent to less than specified cost of living index. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: No impact on state costs or revenues. In the near term, cities and counties may experience increased costs which are unknown, but are not likely to total more than millions of dollars annually. In the long term, local agencies would experience savings in the range of millions to tens of millions of dollars annually.