Manufactured Housing Community Sustainability Act of 2026

119th Congress Introduced by Richard Blumenthal and 2 co-sponsors

Creates a nonrefundable business credit for gains from selling property to be used as manufactured home communities, boosting housing development.

Introduced in Senate

Bill overview

S. 4613 (119th Congress) proposes amending the Internal Revenue Code of 1986 to create a new business credit related to gains from the sale of real property that is used as a manufactured home community. The bill is introduced in the Senate and referred to the Committee on Finance. Sponsors include Senators Angus King, Richard Blumenthal, and Jeanne Shaheen.

Purpose and intent

Establish a nonrefundable business credit intended to incentivize the sale of real property that will be used as a manufactured home community.

The credit aims to support the development, conversion, or rehabilitation of real estate for purpose-built manufactured housing communities, potentially increasing available housing stock in this sector.

Key provisions and changes

Creation of a new business credit tied to gains from the sale of suitable real property.

Eligibility criteria (to be detailed in the bill text) would determine when a sale qualifies for the credit, including:

The type of real property (specifically, property intended for use as a manufactured home community).
The nature of the gain (likely capital gains related to the sale).

Mechanics of the credit (to be specified in the full text) could include:

Credit rate or calculation method (e.g., a percentage of qualified gains).
Limitations or caps on the credit.
Any applicable phaseouts by income or other thresholds.
Interaction with other tax credits and deductions.

Compliance and reporting requirements for taxpayers claiming the credit.

Who/what would be affected

Taxpayers selling qualifying real property intended for use as a manufactured home community could be eligible to claim the credit.

Real estate developers, investors, and entities involved in the sale or redevelopment of manufactured home community properties.

Potential indirect effects on the manufactured housing sector, including affordability, development activity, and financing dynamics, depending on credit uptake.

Procedural and timeline aspects

Introduced in the Senate and referred to the Committee on Finance for consideration.

Read twice and placed in the Finance Committee on May 20, 2026.

No further action details provided in the current summary; potential steps include committee markup, passage by the Senate, reconciliation or amendments, and potential House consideration.

Potential implications and considerations

Economic impact: The credit could stimulate transactions and investment in manufactured home communities, potentially increasing supply of affordable housing options.

Revenue impact: As a new tax credit, it would reduce federal revenue subject to its size, structure, and any phaseouts.

Administration: Taxpayers would need clear guidance on eligibility, documentation for gains, and compliance reporting.

For a complete understanding, the full text of S. 4613 would clarify eligibility specifics, credit amount, duration, sunset provisions (if any), and interaction with existing tax credits and incentives.