# 116-hr-7386: HOMES Act of 2020

116-hr-7386, HOMES Act of 2020, is a 116th Congress bill sponsored by Rep. Finkenauer, Abby [D-IA-1] (D-IA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7386
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7386
- Congress: 116
- Title: HOMES Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-06-26
- Sponsor: Rep. Finkenauer, Abby [D-IA-1] (D-IA)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Helping Owners Meet Essential Standards Act of 2020 or the HOMES Act of 2020 This bill requires manufactured housing communities and home parks to meet minimum consumer protections to be eligible for certain federally-backed loans for the construction, substantial rehabilitation, or purchase of these communities. Specifically, the Department of Housing and Urban Development is prohibited from insuring such a loan, and Fannie Mae and Freddie Mac are prohibited from purchasing such a loan, unless a borrower provides specified tenant protections, including one-year renewable lease terms, unless there is good cause for nonrenewal; a 60-day advance notice of any increase in rent, or of a sale or closure of the community; a five-day grace period for rent payments; and a right for a tenant to sell a manufactured home within a reasonable time period after eviction. The bill also establishes the Manufactured Home Company Lending Standards Commission to propose additional consumer protection standards.

## Cosponsors (2)

- Rep. Axne, Cynthia [D-IA-3] (D-IA), 2020-06-26T00:00:00.000Z
- Rep. Loebsack, David [D-IA-2] (D-IA), 2020-06-26T00:00:00.000Z

## Related bills

- 116-hr-8811: COVID–19 Data Accuracy Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader Ginsburg and to place the statue in the United States Capitol in National Statuar…
- 116-hr-8181: Jack Reynold’s Memory MediGap Expansion
- 116-hr-8015: Delivering for America Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act

## Sources
- [116-hr-7386 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7386)

## Related
- [116-hr-8811: COVID–19 Data Accuracy Act](https://policyrisk.com/legislation/116-hr-8811)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader G…](https://policyrisk.com/legislation/116-hr-8402)
- [116-hr-8181: Jack Reynold’s Memory MediGap Expansion](https://policyrisk.com/legislation/116-hr-8181)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7386 (as of 2025-11-18).