A rulemaking on an alternative draw schedule must begin within 120 days of the report
To increase the supply of housing in America, and for other purposes, section 302, Sec. 302.
Written by .
A rulemaking on an alternative draw schedule must begin within 120 days of the report
The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 302 in the PDF
What the document says
“Not later than 120 days after the date on which the Secretary publishes the report under paragraph (3), the Secretary shall initiate a rulemaking to examine an alternative draw schedule for construction financing loans provided to modular and manufactured”
The section requires the Secretary to start a rulemaking within 120 days of publishing the report, examining an alternative draw schedule for construction financing loans made to modular and manufactured home developers, with a chance for interested parties to comment. After the comment period the Secretary must either issue a final rule on the alternative schedule or explain why the rule will not become final.
What the document actually says
“Not later than 120 days after the date on which the Secretary publishes the report under paragraph (3), the Secretary shall initiate a rulemaking to examine an alternative draw schedule for construction financing loans provided to modular and manufactured”
That sentence, in plain words
The housing agency must start work on a new rule. It has 120 days after the report. The rule looks at another way of paying out building loans.
What this is about
A draw schedule sets when loan money is handed over. The public may comment on the plan. The agency must then make the rule final or say why not.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 302, 140 Stat. 891 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A rulemaking on an alternative draw schedule must begin within 120 days of the report,” Increase the supply of housing in America, section 302, Sec. 302. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec302-rulemaking/ (retrieved October 10, 2026).
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