Property Improvement and Manufactured Housing Loan Modernization Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 964 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 964 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 SENATE OF THE UNITED STATES March 11 (legislative day, March 10), 2025 Mr. Reed (for himself and Ms. Lummis) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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 2025''. SEC. 2. NATIONAL HOUSING ACT AMENDMENTS. (a) In Gene…