In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry.
In addition to shepherding H. R. 650, the Preserving Access to Manufactured Housing Act, through Congress, for which MHI lauded the committee, MHI offers recommendations for FHA to improve its Title 1 and Title 2 loan programs.
Moreover, MHI suggests changes to the Manufactured Housing Construction and Safety Standards Act of 1974, and recommended altering HUD rules to allow a Section 8 voucher to purchase a manufactured home to be sited on leased land. Also, MHI says HUD could do more in placing manufactured homes in a variety of neighborhoods, as the Congressional mandate dictates to achieve HUD’s pledge “to improve lives by creating affordable homes in safe healthy communities of opportunity and by protecting the rights and affirming the values of a diverse society.”
To see MHI’s submission, click here.
To see our previous Daily Business News report on Mark Weiss, CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), response to Congress on this same topic, click here.##
(Image credit: Manufactured Housing Institute)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.