Property Improvement and Manufactured Housing Loan Modernization Act of 2026

This bill changes the Federal Housing Administration's Title I loan insurance program for property improvement and manufactured home loans. It allows these loans to be used to build accessory dwelling units and raises the maximum loan amounts, such as $75,000 for repairs to an existing single-family home and $106,405 to $238,699 for manufactured home purchases, with or without a lot. It lets the Secretary of Housing and Urban Development set loan terms up to 30 years and requires the Secretary to choose a method within one year to adjust loan limits each year. It also directs the department to study and report to Congress on the cost effectiveness of factory-built manufactured and modular homes.

Full text and official record on Congress.gov

Sponsors

• James A. Himes Democrat sponsor
• 3 cosponsors