A. The intent of this Chapter is to facilitate resident purchase of mobile home parks. This Chapter allows the waiver of certain subdivision requirements and expedites local government processing for mobile home park conversions to condominiums or stock cooperatives. Such conversions will preserve an important source of affordable housing.
B. For the purposes of this Chapter, an application for subdivision shall be considered “resident initiated” when signed by a resident organization formed by the tenants of the subject mobile home park for the purpose of purchasing the mobile home park. The proposed conversion shall be supported by a minimum of two-thirds (2/3) of the current residents of the park. The resident organization shall have a legally binding contract, which, if the conditions of the contract are met, would result in the acquisition of an interest in the mobile home park. A preapplication conference may be requested by the applicant(s) prior to formation of the resident organization or prior to entering into a legally binding contract provided the planning agency determines in writing that it is reasonable to believe that such contract may be entered into within a year.