Bill · S. 4804· Senate(119-S-4804)
Manufactured Housing Lending Act
- Introduced
- 6/17/2026
- Last activity
- 6/17/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Jeff Merkley
- Cosponsors
- - 2 - 0
- Introduced
- In Committee
What this bill would do
The Manufactured Housing Lending Act requires the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to create pilot programs for personal property manufactured home loan purchases. The Federal Housing Finance Agency must direct these entities to establish the programs within 18 months of the act's enactment. Within one year of establishment, these entities must start purchasing or sharing financial risk on existing portfolios or newly originated loans. The programs must include specific consumer protections and risk standards. To qualify, financed homes must be in resident-owned, government, or nonprofit communities. The programs are allowed to earn a reasonable economic return that is lower than other comparable mortgage activities.
Yes· 3 of 21
Does this make housing cost less?+7
Expands financing options for manufactured homes in community settings.
Would households on low incomes be better off under this?+6
Targets financing for an affordable housing segment.
Does this give people more protection from unfair business practices?+6
Incorporates federal mortgage lending and servicing protections for borrowers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Consumer Protections: The bill requires the pilot programs to include mortgage lending and servicing protections from parts 1024 and 1026 of title 12, Code of Federal Regulations, which helps protect borrowers (Section 2(c)(1)).
-
Secure Occupancy: Financed homes must have a lease term that is longer than the loan term or a perpetual right to occupy the site, ensuring people aren't kicked out before their loan is paid (Section 2(c)(2)(B)).
-
Community Stability: By requiring homes to be in nonprofit, government, or resident-owned communities, the bill targets loans toward specific types of managed housing environments (Section 2(c)(2)(A)).
Potential Negative Impacts for People
- Limited Eligibility: People living in manufactured housing communities that are not nonprofit, government, or resident-owned cannot benefit from these pilot programs (Section 2(c)(2)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+6Good For Rural Residents+5Good For Retirees+4Good For Seniors+4Good For Middle Aged+3Good For Middle Class Households+3Good For Young Adults+3Good For African Americans+2Good For Asian Americans+2Good For Farmers+2Good For Hispanic Americans+2Good For Native Americans+2Good For White Americans+2Good For Children+1
- Social Issues And Justice
- Improves Affordable Housing+7Improves Poverty Reduction+3Reduces Homelessness+2
- Economy And Finance
- Improves Consumer Protection+6Improves Economic Growth+1
- Environment Energy And Infrastructure
- Improves Rural Development+4
- Governance And Ideology
- Increases Federal Power+2
- 6/17/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2 Cosponsors added.
- Introduced in Senate
John HickenlooperDemocrat · Colorado
Peter WelchDemocrat · Vermont