119-s2489

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2489 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2489

 To conduct a review of Federal Housing Administration construction 
 financing programs, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 28, 2025

 Ms. Warren (for herself and Mr. Banks) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 A BILL

 To conduct a review of Federal Housing Administration construction 
 financing programs, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Modular Housing Production Act''.

SEC. 2. DEFINITIONS.

 In this Act:

    (1) Manufactured home.--The term ``manufactured home'' has 
 the meaning given the term in 

section 603 of the National 
 Manufactured Housing Construction and Safety Standards Act of 
 1974 (42 U.S.C. 5402).

    (2) Modular home.--The term ``modular home'' means a home 
 that is constructed in a factory in 1 or more modules, each of 
 which meet applicable State and local building codes of the 
 area in which the home will be located, and that are 
 transported to the home building site, installed on 
 foundations, and completed.

    (3) Secretary.--The term ``Secretary'' means the Secretary 
 of Housing and Urban Development.

SEC. 3. FHA CONSTRUCTION FINANCING PROGRAMS.

    (a) In General.--The Secretary shall conduct a review of Federal 
Housing Administration construction financing programs to identify 
barriers to the use of modular home methods.

    (b) Requirements.--In conducting the review under subsection

    (a) , 
the Secretary shall--

    (1) identify and evaluate regulatory and programmatic 
 features that restrict participation in construction financing 
 programs by modular home developers, including construction 
 draw schedules; and

    (2) identify administrative measures authorized under 
 

section 525 of the National Housing Act (12 U.S.C. 1735f-3) to 
 facilitate program utilization by modular home developers.
            (c) Report.--Not later than 1 year after the date of enactment of 
this Act, the Secretary shall publish a report that describes the 
results of the review conducted under subsection

    (a) , which shall 
include a description of programmatic and policy changes that the 
Secretary recommends to reduce or eliminate identified barriers to the 
use of modular home methods in Federal Housing Administration 
construction financing programs.
            (d) Rulemaking.--

    (1) In general.--Not later than 120 days after the date on 
 which the Secretary publishes the report under subsection
            (c) , 
 the Secretary shall initiate a rulemaking to examine an 
 alternative draw schedule for construction financing loans 
 provided to modular and manufactured home developers, which 
 shall include the ability for interested stakeholders to 
 provide robust public comment.

    (2) Determination.--Following the period for public comment 
 under paragraph

    (1) , the Secretary shall--
        (A) issue a final rule regarding an alternative 
 draw schedule described in paragraph

    (1) ; or
        (B) provide an explanation as to why the rule shall 
 not become final.

SEC. 4. STANDARDIZED UNIFORM COMMERCIAL CODE FOR MODULAR HOMES.

    (a) Award.--The Secretary may award a grant to study the design and 
feasibility of a standardized uniform commercial code for modular 
homes, which shall evaluate--

    (1) the utility of a standardized coding system for 
 serializing and securing modules, streamlining design and 
 construction, and improving modular home innovation; and

    (2) a means to coordinate a standardized code with 
 financing incentives.

    (b) Authorization of Appropriations.--There is authorized to be 
appropriated such funds as may be necessary to carry out subsection

    (a) .
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