Dear Stephanie: Preserving Access to Manufactured Housing Act (H.R. 1779)

March 7, 2014


Dear Stephanie,

                 I heard that in May 2013 the Manufactured Housing Institute published an article to urge U.S. Government House Representatives to introduce a bill regarding “Preserving of Access” to the Manufactured Housing Act. Do you have any further details about the article and what has happened since?

- DiggingForDetails in Deluth


Dear DiggingForDetails,

                 Yes, there was a bill introduced by several house representatives entitled “Preserving Access to Manufactured Housing Act (H.R. 1779). The bill has not become law, but its purpose is to bring a remedy to a few provisions of the Dodd-Frank act by reducing regulatory burdens that impeded access to affordable manufactured housing finance. The legislation would minimize disincentives to serving the financing needs to low and moderate income manufactured home buyers. Without revision, there would remain the very real, unintended consequence of eliminating access to sustainable manufactured housing for millions of families. Specifically, two of the things the legislation would clarify that manufactured home salespersons are not considered mortgage originators under Dodd-Frank, provided they receive no compensation from a creditor, lender or mortgage broker. As well, as revise triggers by which small-sized manufactured home loans are considered High-Cost under the Home Ownership and Equity Protection Act (HOEPA).


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