Housing Policy Updates

In late July, the Senate Banking Committee advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, a large bipartisan housing bill aimed at expanding the nation’s housing supply, improving housing affordability, and increasing oversight and efficiency of federal regulations and housing programs.

The bill was passed by a unanimous vote and will now go to the full Senate for consideration. The House of Representatives has not yet moved on a similar package, but housing is a major priority on both sides of the aisle.

The bill contained eight distinct titles with related bills for each title included as sections. Manufactured housing received its own title, Title 3 – Manufactured Housing for America, with four related bills included as sections. The prominence of having a separate title and being in the top three titles of the bill highlights Congress’s support for the industry. 

Title 3 – Manufactured Housing for America: 

Section 301 – Housing Supply Expansion Act 

This section updates the federal definition of manufactured housing to include modular and prefabricated units not built on a permanent chassis to encourage innovation and expand naturally-occurring affordable housing. This is a forward-looking provision that will help unlock innovative new design possibilities, allowing American manufacturers to produce a broader range of attractive and affordable housing options.

Section 302 – Modular Housing Production Act 

This section requires the FHA to assess barriers to FHA-insured lending for modular housing and directs the HUD Secretary to modify the financing draw schedule to encourage modular housing construction. 

Section 303 – Property Improvement and Manufactured Housing Loan Modernization Act 

This section updates mortgage lending standards for manufactured housing through the FHA and expands access to financing for housing. The section also directs HUD to study the cost-effectiveness and long-term value of supporting factory-built housing finance options to address the nation’s housing shortages. 

Section 304 – PRICE Act 

This section authorizes HUD’s Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program to provide grants to communities to maintain, protect, and stabilize manufactured housing and manufactured housing communities, under a permanently authorized program. [The language regarding eligibility of grant recipients is problematic, and MHI is working to address that as the legislative process continues.]  The PRICE Program was initially a one time grant.  Read a quick summary of the original 2024 program HERE.