The House Financial Services Committee passed H.R. 650, the Preserving Access to Manufactured Housing Act of 2015 that will help millions of Americans have better access to financing options for manufactured housing. The vote was 43 in favor and 15 opposed.
In addition to the Manufactured Housing Institute (MHI), H.R. 650 is supported by the National Association of Realtors, Mortgage Bankers Association and the National Association of Credit Unions. The bill is cosponsored by 41 members of the House. A companion bipartisan bill, S. 682, is under consideration in the Senate.
As tennessee.realestaterame tells MHProNews, Rep. Stephen Fincher (R-TN), one of the original sponsors of the bill (last year as well as this year) that garnered bipartisan support, says, “Today’s vote puts us one step closer to providing financing options and regulatory relief to the families and individuals in the industry who rely on manufactured housing. I look forward to the full House passing this important bill as soon as possible.”
Last year’s Preserving Access to Manufactured Housing bill, #1779, was also passed by the House Financial Services Committee but never made it to the House floor for a vote. ##
(Image credit: House Financial Services Committee)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.