Manufactured Housing Modular Housing Production Act – Requires FHA to remove barriers to financing factory-built homes. Property Improvement and Manufactured Housing Loan Modernization Act – Updates FHA lending standards for manufactured housing and expands financing options. PRICE Act – Provides grants to communities to maintain and preserve manufactured housing communities. Veterans and Housing VA Home Loan Awareness Act – Adds language to loan applications ensuring veterans know about their VA home loan benefits. Veterans Affairs Loan Informed Disclosure (VALID) Act – Requires lenders to show veterans cost comparisons between VA loans and other financing options. Program Reform HOME Investment Partnerships Reauthorization and Improvement Act – Improves the HOME program by reducing red tape and providing new tools to help communities build more affordable housing. Reforming Disaster Recovery Act – Permanently authorizes HUD’s Community Development Block Grant Disaster Recovery (CDBG-DR) program to streamline and improve the federal response to natural disasters. • Encourage Commercial to Residential Conversions – Thanks to NAR and its coalition partners, Reps. Mike Carey (R-OH) and Jimmy Gomez (D-CA) introduced the Revitalizing Downtowns and Main Streets Act which incentivizes converting underutilized commercial properties to residential units via a tax credit. Such a tax credit would be a triple win for REALTORS® and consumers by shoring up the commercial sector, increasing housing supply, and boosting the economy. • NAR Endorses Bills to Increase Housing Supply – NAR endorsed two bills that will help decrease local regulatory impediments to building new housing. The Reducing Regulatory Barriers to Housing Act (RRBHA) will create capacity at the federal level to aggregate best practices and create incentives for land use policies proven to increase housing supply. The Housing Supply Framework Act will convene a task force of community advocates, developers, land use professionals, and local zoning experts to develop best practices and policy frameworks that can be used by state and local officials as they assess their unique zoning challenges.
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