HR-6269 : Still Just a Bill

The Modular Housing Production Act (H.R. 6269) aims to enhance the use of modular home construction methods in Federal Housing Administration (FHA) financing programs. Key provisions of the bill include:

• Requires the Secretary of Housing and Urban Development (HUD) to conduct a review of FHA construction financing programs. This review will identify barriers that restrict the participation of modular home developers, including an evaluation of current construction draw schedules.
• Mandates the publication of a report within one year, detailing the review's findings and recommending programmatic and policy changes to reduce or eliminate identified barriers.
• Directs the Secretary, within 120 days of publishing the report, to initiate a rulemaking process. This process will examine an alternative draw schedule for construction financing loans specifically for modular and manufactured home developers, allowing for public comment. Following this, the Secretary must issue a final rule or provide an explanation for not doing so.
• Authorizes the Secretary to award a grant to study the design and feasibility of a standardized Uniform Commercial Code for modular homes. This study would evaluate the code's utility for serializing modules, streamlining design and construction, improving innovation, and coordinating with financing incentives.