Text of Senate Amendment 4332

Text of Senate Amendment 4332

Congressional Record, Volume 172 Issue 41 (Wednesday, March 4, 2026) [Congressional Record Volume 172, Number 41 (Wednesday, March 4, 2026)] [Senate] [Page S848] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 4332. Mr. MERKLEY submitted an amendment intended to be proposed by him to the bill H.R. 6644, a bill to increase the supply of housing in America, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. __. COMBINING SITING AND PURCHASE OF LOANS FOR MANUFACTURED HOUSING. (a) Definitions.--In this section: (1) Community development financial institution.--The term ``community development financial institution'' has the meaning given the term in section 103 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4702). (2) Manufactured home.--The term ``manufactured home'' has the meaning given the term in section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (42 U.S.C. 5402). (b) Loan Product.-- (1) In general.--The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall consult with mortgage lending institutions, including community development financial institutions, to research and develop either a new product or modify an existing loan product to serve people purchasing and siting a new manufactured home on land owned by the purchaser either individually or as part of a resident cooperative. (2) Requirements.--The loan product developed or modified under paragraph (1) should-- (A) serve nonprofit producers of manufactured homes seeking to sell manufactured homes directly to subprime credit rated borrowers; and (B) cover the cost of the manufactured home, transportation and siting for the manufactured home, and any insurance relating to the transportation and siting. ______