Before providing financing under this chapter, the department shall require: (1) Verification that at least two-thirds of the households residing in the mobile home park support the plan for acquisition and conversion of the park; (2) Verification that either no park residents will be involuntarily displaced as a result of the park conversion, or the impacts of displacement will be mitigated so as not to impose a hardship on the displaced resident; (3) Projected costs and sources of funds for conversion activities; (4) A projected operating budget for the park during and after conversion; and (5) A management plan for the conversion and operation of the park.
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