Congress expands mortgage access for manufactured-home residents
S. 4804 — Manufactured Housing Lending Act · Filed by Jeff Merkley (D-OR) · 2 cosponsors · Introduced Jun 17, 2026 · Referred to committee
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What it does
This bill requires Fannie Mae and Freddie Mac to launch pilot programs to purchase loans on manufactured homes (mobile homes) that sit on land in nonprofit, government, or resident-owned communities. The homes must come with long-term or permanent lease rights to the land. The programs must follow standard mortgage consumer protections and allow the companies to earn a modest profit, lower than they make on conventional mortgages.
Why we flagged it
The bill's operative mechanism is a directed pilot program to expand mortgage credit access to an underserved population (manufactured-home residents) by requiring government-sponsored enterprises to purchase loans in community-owned parks. It is a targeted housing-finance intervention, not a deregulation or subsidy carve-out.
What the text implies
- Pilot success could establish a new asset class for Fannie Mae and Freddie Mac, potentially expanding to for-profit manufactured-housing communities if the program is later broadened by regulation or subsequent legislation.
- The requirement that homes be in nonprofit, government, or resident-owned communities may inadvertently exclude manufactured-home residents in for-profit parks, potentially widening the credit gap for that segment.
The full analysis lists 3 implications of this text.
Who stands to gain
Manufactured-home residents seeking mortgage credit; Nonprofit and government-owned manufactured-housing communities; Resident-owned cooperative manufactured-housing communities