118th Congress · HOUSE BILLBILL

H.R. 4557 — Manufactured Housing Tenant’s Bill of Rights Act of 2023

“To ensure that federally backed financing for the construction, rehabilitation, or purchase of manufactured home communities is available only for communities whose owner has implemented minimum consumer protections in the lease agreements with residents of all manufactured home communities owned by such owner, and for other purposes.”

Finance and financial sector

Introduced Jul 11, 2023

Last action Jul 11, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 11, 2023

Step 2

Referred

Jul 11, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires manufactured housing communities and home parks to meet minimum consumer protections to be eligible for certain federally-backed loans for the construction, substantial rehabilitation, or purchase of these communities. Specifically, the Department of Housing and Urban Development is prohibited from insuring such a loan, and Fannie Mae and Freddie Mac are prohibited from purchasing such a loan, unless a borrower provides specified tenant protections, including one-year renewable lease terms, unless there is good cause for nonrenewal; at least a 60-day advance notice of any increase in rent, or of a sale or closure of the community; a five-day grace period for rent payment...

Provisions · 7 sectionsIntroduced in House

Timeline · 2 actions

Jul 11, 2023

Introduced in House

Jul 11, 2023

Referred to the House Committee on Financial Services.