The National Association of Home Builders (NAHB) reports bipartisan legislation has been introduced in the House of Representatives to ease credit for the nation’s home builders. Sponsored by Reps. Carolyn McCarthy (D-NY) and Gary Miller (R-CA), H. R. 1255, the Home Construction Lending Regulatory Improvement Act, would address regulatory obstacles to builders’ ability to obtain construction loans. Jobs and taxes are being lost in the wake of tight credit resulting from the housing downturn. The construction of 100 new homes creates over 100 full-time jobs and generates $8.9 million in local, state, and federal revenues. As MHProNewsreported April 10, 2012, Rep. Miller co-sponsored the Preserving Access to Manufactured Housing Act that was intended to rescind provisions of the Safe Act and Dodd-Frank that hamper financing for would-be manufactured home buyers.
