Property Improvement and Manufactured Housing Loan Modernization Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7792 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7792 To amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 4, 2026 Mr. Himes (for himself, Mr. Pappas, Mr. Harder of California, and Mr. Liccardo) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Property Improvement and Manufactured Housing Loan Modernization Act of 2026''. SEC. 2. NATIONAL HOUSING ACT AMENDMENTS. (a) In General.--Section 2 of the National Housing Act (12 U.S.C. 1703) is amended-- (1) in subsection (a), by inserting ``construction of additional or accessory dwelling units, as defined by the Secretary,'' after ``improvements,''; and (2) in subsection (b)-- (A) in paragraph (1)-- (i) by striking subparagraph (A) and inserting the following new subparagraph: ``(A) $75,000 if made for the purpose of financing alterations, repairs and improvements upon or in connection with an existing single-family structure, including a manufactured home;''; (ii) in subparagraph (B)-- (I) by striking ``$60,000'' and inserting ``$150,000''; (II) by striking ``$12,000'' and inserting ``$37,500''; and (III) by striking ``an apartment house or''; (iii) by striking subparagraphs (C) and (D) and inserting the following: ``(C)(i) $106,405 if