Property Improvement and Manufactured Housing Loan Modernization Act of 2026

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.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.