Congress·In Committee

Housing: Updating Loans for Home Repairs and Manufactured Homes

Property Improvement and Manufactured Housing Loan Modernization Act of 2026

2 days ago·View on Congress.gov

Legislative Progress

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Key Points

This bill would increase the amount of money homeowners can borrow through federal programs to fix their houses. For a single-family home, the limit for repair loans would jump to $75,000, helping families keep up with the rising costs of construction and materials.
The plan specifically allows these loans to be used for building "accessory dwelling units," which are small apartments like backyard cottages or basement suites. This is intended to create more housing options on properties that people already own.
It also makes it easier to buy manufactured homes by raising loan limits to about $106,000 for single-section homes and over $195,000 for larger multi-section homes. These limits would be updated every year to make sure they stay realistic as prices change.
To make these loans more affordable, the bill allows people to take up to 30 years to pay them back. This longer timeline helps lower the monthly payments for families who are trying to improve their living situation or buy their first home.
Finally, the government would be required to study "off-site construction," like factory-built and modular homes. The goal is to see if these types of homes are cheaper to build and higher quality than traditional houses built entirely on-site.

Milestones

2 milestones2 actions

Mar 4, 2026House

Referred to the House Committee on Financial Services.

Mar 4, 2026

Introduced in House

Related News

2 articles

Washington Post·2 days ago

Senate bill to help Americans afford housing nears the finish line

The U.S. Senate advanced the 21st Century ROAD to Housing Act, a bipartisan package including the Property Improvement and Manufactured Housing Loan Modernization Act. The bill provides new grants for home repairs and updates FHA loan limits to help families build accessory dwelling units (ADUs).

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Realtor.com·about 20 hours ago

Senate Pushes Forward Major Housing Bill With Trump's Investor Ban

The Senate voted 90-8 to advance a comprehensive housing reform package. Key provisions modernize lending standards for manufactured homes and property improvements, allowing for higher loan limits and 30-year terms to make home repairs and ADU construction more affordable for homeowners.

Source Information

Document Type

Congressional Bill

Official Title

Property Improvement and Manufactured Housing Loan Modernization Act of 2026

Bill NumberHR 7792

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Sponsor

Cosponsors

(3)

D: 3

Data Sources

Congress.gov

Official legislative information

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.