Bill > HR6269

This bill aims to address challenges in modular home construction and financing by requiring the Secretary of Housing and Urban Development (HUD) to conduct a comprehensive review of Federal Housing Administration (FHA) construction financing programs. The bill defines key terms like "modular home" (a factory-constructed home transported and installed on-site) and sets out a multi-step process to identify and reduce barriers to modular home development. Specifically, the Secretary must review regulatory and programmatic features that currently restrict modular home developers' participation in construction financing, and publish a report within one year detailing recommended policy changes. The bill also mandates that HUD initiate a rulemaking process to examine alternative construction loan draw schedules for modular and manufactured home developers, including a public comment period. Additionally, the bill authorizes the Secretary to award a grant to study the feasibility of creating a standardized uniform commercial code for modular homes, which would aim to improve serialization, design processes, construction efficiency, and potentially create new financing incentives for this emerging housing method.

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https://www.congress.gov/bill/119th-congress/house-bill/6269/all-info