Bill > S964

This bill, known as the "Property Improvement and Manufactured Housing Loan Modernization Act of 2025," proposes several key changes to the National Housing Act focused on expanding property improvement and manufactured housing loan options. The bill increases loan limits across various categories, such as raising the limit for single-family structure improvements from $60,000 to $150,000 and increasing manufactured home purchase loan limits (for example, a single-section manufactured home loan limit rises to $106,405). Notably, the legislation explicitly allows property improvement loans to be used for constructing accessory dwelling units, which are additional residential units on the same property as a primary residence. The bill also requires the Department of Housing and Urban Development (HUD) to develop an annual indexing method for these loan limits and mandates a comprehensive study on factory-built housing, examining cost-effectiveness, manufacturing advantages, long-term maintenance expenses, and potential applications beyond single-family housing. Additionally, the bill provides HUD with flexibility to periodically reset dollar amount limitations based on housing market conditions and Federal Housing Administration goals, with an interim indexing method to be used while a new system is developed.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/964/all-info