,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ggib  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #d1 #bjbf,mr4    
,himes 7= himself1 ,mr4 ,pappas1 ,mr4   
,h>d] ( ,cali=nia1 & ,mr4 ,licc>do7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d title ,i ( ! ,national 
,h\s+ ,act to increase ! loan limits &  
cl>ify t prop]ty improvem5t loans may be
 us$ = con/ruction ( accessory dwell+   
units4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,prop]ty ,improvem5t &        
,manufactur$ ,h\s+ ,loan ,mod]nization  
,act ( #bjbf4  #b4 ,national ,h\s+ ,act 
am5dm5ts  7a7 ,9 g5]al ,section #b ( !  
,national ,h\s+ ,act 7#ab ,u4,s4,c4     
#agjc7 is am5d$--  7#a7 9 subsection    
7a71 by ins]t+ con/ruction ( additional 
or accessory dwell+ units1 z def9$ by ! 
,secret>y1 aft] improvem5ts12 &  7#b7 9 
subsection 7b7--  7,a7 9 p>agraph 7#a7--
 7i7 by /rik+ subp>agraph 7,a7 & ins]t+ 
! foll[+ new subp>agraph3  7,a7 #ge1jjj 
if made = ! purpose ( f9anc+ alt]ations1

 repairs & improvem5ts ^u or 9          
connection ) an exi/+ s+le-family       
/ructure1 includ+ a manufactur$ home2  2
  7ii7 9 subp>agraph 7,b7--  7,i7 by    
/rik+ #fj1jjj & ins]t+ #aej1jjj2  7,,ii7
 by /rik+ #ab1jjj & ins]t+ #cg1ejj2 &   
7,,iii7 by /rik+ an ap>tm5t h\se or2    
7iii7 by /rik+ subp>agraphs 7,c7 & 7,d7 
& ins]t+ ! foll[+3  7,c7  7i7 #ajf1dje  
if made = ! purpose ( f9anc+ ! pur*ase (
 a s+le-section manufactur$ home2 &     
7ii7 #aie1cbb if made = ! purpose (     
f9anc+ ! pur*ase ( a multi-section      
manufactur$ home2  7,d7  7i7 #adi1ghb if
 made = ! purpose ( f9anc+ ! pur*ase ( a
 s+le-section manufactur$ home & a      
suitably develop$ lot on :i* to place ! 
home2 &  7ii7 #bch1fii if made = !      
purpose ( f9anc+ ! pur*ase ( a          
multi-section manufactur$ home & a      
suitably develop$ lot on :i* to place ! 
home2  2  7iv7 9 subp>agraph 7,e7-- 7,i7
 by /rik+ #bc1bbf & ins]t+ #dc1cgg2 &   
7,,ii7 by /rik+ ! p]iod at ! end &      
ins]t+ a semicolon2  7v7 9 subp>agraph  

7,f71 by /rik+ & at ! end2  7vi7 9      
subp>agraph 7,g71 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2 &  7vii7 by ins]t+    
aft] subp>agraph 7,g7 ! foll[+3  7,h7   
su* pr9cipal am\nt z ! ,secret>y may    
prescribe if made = ! purpose ( f9anc+ !
 con/ruction ( an accessory dwell+ unit4
  2 &  7viii7 9 ! matt] prec$+ p>agraph 
7#b7--  7,i7 by /rik+ regulation &      
ins]t+ notice2  7,,ii7 by /rik+ increase
 & ins]t+ set2  7,,iii7 by /rik+ 7ii71  
7,c71 7,d71 & 7,e7 & ins]t+ ?r\gh 7,h72 
7,,iv7 by ins]t+ 1 or z necess>y to     
a*ieve ! goals ( ! ,f$]al ,h\s+         
,adm9i/ration1 p]iodically reset ! doll>
 am\nt limitations 9 subp>agraphs 7,a7  
?r\gh 7,h7 bas$ on ju/ification &       
me?odology set =? 9 advance by          
regulation be=e ! p]iod at ! end2 &     
7,v7 by adju/+ ! m>g9s appropriately2   
7,b7 9 p>agraph 7#c71 by /rik+ exce$s-- 
& all t foll[s ?r\gh ! p]iod at ! end & 
ins]t+ exce$s su* p]iod ( "t z det]m9$  
by ! ,secret>y1 n to exce$ #cj ye>s42   
7,c7 by /rik+ p>agraph 7#i7 & ins]t+ !  

foll[+3  7#i7 ,annual index+ ( c]ta9    
doll> am\nt limitations ,! ,secret>y    
%all develop or *oose #a or m me?ods (  
index+ 9 ord] to annually set ! loan    
limits e/abli%$ 9 p>agraph 7#a71 bas$ on
 data ! ,secret>y det]m9es is           
appropriate = purposes ( ?is section4  2
 &  7,d7 9 p>agraph 7#aa71 by /rik+     
lease-- & all t foll[s ?r\gh ! p]iod at 
! end & ins]t+ unless su* lease meets ! 
t]ms & conditions e/abli%$ by !         
,secret>y4  7b7 ,deadl9e = developm5t or
 *oice ( new index2 int]im index  7#a7  
,deadl9e = developm5t or *oice ( new    
index ,n lat] ?an #a ye> aft] ! date (  
enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+
 & ,urban ,developm5t %all develop or   
*oose #a or m me?ods ( index+ z requir$ 
"u section #b7;b77#i7 ( ! ,national     
,h\s+ ,act 7#ab ,u4,s4,c4               
#agjc7;b77#i771 z am5d$ by subsection   
7a7 ( ?is section4  7#b7 ,int]im index  
,dur+ ! p]iod beg9n+ on ! date (        
enactm5t ( ?is ,act & end+ on ! date on 
:i* ! ,secret>y ( ,h\s+ & ,urban        

,developm5t develops or *ooses #a or m  
me?ods ( index+ z requir$ "u section    
#b7;b77#i7 ( ! ,national ,h\s+ ,act 7#ab
 ,u4,s4,c4 #agjc7;b77#i771 z am5d$ by   
subsection 7a7 ( ?is section1 ! me?od ( 
index+ e/abli%$ by ! ,secret>y "u t     
section be=e ! date ( enactm5t ( ?is    
,act %all apply4  #c4 ,,hud /udy (      
(f-site con/ruction  7a7 ,def9itions ,9 
?is section3  7#a7 ,(f-site con/ruction 
h\s+ ,! t]m (f-site con/ruction h\s+    
includes manufactur$ homes & modul>     
homes4  7#b7 ,manufactur$ home ,! t]m   
manufactur$ home means any home         
con/ruct$ 9 accordance ) ! con/ruction &
 safety /&>ds e/abli%$ "u ! ,national   
,manufactur$ ,h\s+ ,con/ruction &       
,safety ,/&>ds ,act ( #aigd 7#db        
,u4,s4,c4 #edja et seq474  7#c7 ,modul> 
home ,! t]m modul> home means a home t  
is con/ruct$ 9 a factory 9 #a or m      
modules1 ea* ( :i* meets applicable     
,/ate & local build+ codes ( ! area 9   
:i* ! home w be locat$1 & t are         
transport$ to ! home build+ site1       

in/all$ on f\ndations1 & complet$4  7b7 
,/udy ,! ,secret>y ( ,h\s+ & ,urban     
,developm5t %all conduct a /udy & submit
 to ,congress a report on ! co/         
effectiv5ess ( (f-site con/ruction h\s+1
 t includes--  7#a7 an analysis ( !     
advantages & ! impact ( c5tralization 9 
a factory & transportation to a         
con/ruction site on co/1 precision1 &   
mat]ials wa/e2  7#b7 ! ext5t to :i*     
(f-site con/ruction h\s+ meets h\s+     
quality /&>ds "u ! ,national ,/&>ds = ! 
,physical ,inspection ( ,real ,e/ate1 or
 o!r /&>ds z ! ,secret>y may prescribe1 
comp>$ to ! ext5t = site-built homes1 = 
su* /&>ds2  7#c7 ! expect$ replacem5t & 
ma9t5ance co/s ov] ! fir/ #dj ye>s (    
life ( (f-site con/ruction homes comp>$ 
to ^? co/s = site-built homes2 &  7#d7  
opportunities = use beyond s+le-family  
h\s+1 su* z applications 9 accessory    
dwell+ units1 two- to f\r-unit h\s+1 &  
l>ge multifamily h\s+4