Bill > HR6270

This bill aims to support and improve modular housing production by directing the Secretary of Housing and Urban Development (HUD) to conduct a comprehensive review of Federal Housing Administration (FHA) construction financing programs. The bill first defines key terms like "modular home" (a home constructed in factory modules and transported to a building site) and establishes a multi-step process to address barriers for modular home developers. The Secretary must identify regulatory and programmatic restrictions in construction financing, publish a report within one year detailing these barriers, and then initiate a rulemaking process to potentially create an alternative draw schedule for construction financing loans specifically for modular and manufactured home developers. Additionally, the bill authorizes the Secretary to award a grant to study the development of a standardized uniform commercial code for modular homes, which would evaluate potential methods for serializing and securing modules, streamlining design and construction, and potentially creating financing incentives. The overall goal is to remove obstacles and encourage innovation in modular home production by making financing and regulatory processes more accessible and supportive of this housing method.

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https://www.congress.gov/bill/119th-congress/house-bill/6270/all-info