Modular Housing Production Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill directs the Department of Housing and Urban Development (HUD) to review its construction financing programs to identify obstacles preventing the use of modular homes. The review will examine regulations and program features that might discourage modular home developers from accessing FHA loans. Furthermore, the bill requires HUD to propose changes to streamline the loan process and explore a standardized commercial code for modular homes to improve their production and financing.
Key provisions
- Requires HUD to review FHA construction financing programs for barriers to modular home use.
- Directs HUD to identify regulatory and programmatic restrictions on modular home developers.
- Mandates a report from HUD detailing recommended changes to reduce barriers.
- Requires HUD to initiate a rulemaking to consider alternative construction draw schedules.
- Authorizes HUD to award a grant for a study on a standardized commercial code for modular homes.
- Includes an appropriation for the grant study.
Who is affected
- Department of Housing and Urban Development (HUD)
- Modular home developers
- Manufactured home developers
- Homebuyers
- Financial institutions providing construction loans
Notable changes
- The bill aims to remove barriers to FHA financing for modular homes.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours