# 119-s-4804: Manufactured Housing Lending Act

119-s-4804, Manufactured Housing Lending Act, is a 119th Congress bill sponsored by Sen. Merkley, Jeff [D-OR] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-07-10).

- Canonical: https://policyrisk.com/legislation/119-s-4804
- As of: 2026-07-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4804
- Congress: 119
- Title: Manufactured Housing Lending Act
- Status: introduced
- Introduced: 2026-06-17
- Sponsor: Sen. Merkley, Jeff [D-OR] (D-OR)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-10

## Summary

**Expand secondary-market support for personal-property manufactured home loans.** The bill would direct the Federal Housing Finance Agency to require Fannie Mae and Freddie Mac to each run pilot programs to buy or share financial risk on loans secured to manufactured homes. - Homebuyers of manufactured homes: Would place personal-property manufactured home loans into GSE pilot programs that can purchase or share risk on newly originated loans and existing loan portfolios. - Residents and community owners: Would limit financed homes to those located in nonprofit, government, or resident-owned manufactured housing communities and require a lease term that exceeds the loan term or includes a perpetual right to occupy the site. - Consumer protections: Would require pilots to incorporate the consumer mortgage lending and servicing protections in parts 1024 and 1026 of 12 CFR to the greatest extent practicable. - FHFA and GSE operations: Would require FHFA to order each pilot within 18 months and let each GSE begin purchases or risk sharing within 1 year of establishing its pilot. The FHFA director could set prudent risk protections and counterparty standards and pilots must let Fannie Mae and Freddie Mac earn a reasonable economic return that is lower than returns on comparable mortgage activities.

## Cosponsors (2)

- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2026-06-17T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-06-17T00:00:00.000Z

## Provisions PRIA read

- Pilot programs for manufactured home loans: benefit, medium. This bill would direct FHFA to require Fannie Mae and Freddie Mac to each set up a pilot to buy or share risk on personal property (chattel) manufactured home loans. FHFA would have to order the pilots within 18 months of enactment, and each pilot would begin purchases or sharing risk within one ye…

## Related bills

- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act

## Sources
- [119-s-4804 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4804)

## Related
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4804 (as of 2026-07-10).