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HR7792119th CongressWALLET

Property Improvement and Manufactured Housing Loan Modernization Act of 2026

Sponsored By: Representative Himes, James A. [D-CT-4]

Introduced

Summary

Raises and indexes federal loan limits for property improvements and manufactured housing. This bill would expand what borrowers can finance, add a financing category for accessory dwelling units, and require HUD to study off-site construction methods.

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  • Families and homeowners would be able to borrow more for repairs and home improvements, with a new cap of $75,000 for alterations and a dedicated financing path for accessory dwelling units.
  • Manufactured home buyers would see higher purchase limits, roughly $106,405 for single-section homes and $195,322 for multi-section homes, with larger limits when a developed lot is included.
  • Lenders, HUD, and developers would face an annual indexing regime for loan limits that HUD must pick within 1 year and an interim rule until then. Loan maturities would be capped by the Secretary, not to exceed 30 years, and HUD must study off-site construction cost and quality over a 40-year lifecycle.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Bigger FHA loans for home repairs and purchases

If enacted, FHA Title I loan caps would rise for many home work and purchases. Homeowners would be able to get loans up to $75,000 for repairs, alterations, and improvements. Certain caps would increase to $150,000 and $37,500 for the financing uses described in the bill. The bill would set fixed maximum loans for manufactured homes: $106,405 for single-section and $195,322 for multi-section homes bought alone, and $149,782 (single) or $238,699 (multi) if bought with a developed lot. The bill would also let HUD allow loans to build accessory dwelling units, with HUD setting the loan sizes for ADUs.

HUD control over limits, terms, and leases

If enacted, HUD would pick an annual method to index these loan limits and must do so within 1 year. Until then, the old indexing method would remain in effect. The bill would let HUD set dollar limits by notice (not formal rulemaking) and periodically reset them using a pre-set methodology. HUD would also set maximum loan terms not to exceed 30 years. The bill would require that leases qualify only if they meet HUD terms the Secretary prescribes.

Sponsors & CoSponsors

Sponsor

Himes, James A. [D-CT-4]

CT • D

Cosponsors

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 3/4/2026

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 3/4/2026

  • Rep. Liccardo, Sam T. [D-CA-16]

    CA • D

    Sponsored 3/4/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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