Lease requirements become whatever the Secretary establishes
What the document says“in paragraph (11), by striking ``lease--'' and all that follows through the period at the end and inserting ``lease meets the terms and conditions established by the Secretary''.”
The section replaces the wording in section 2(b)(11) of the National Housing Act that set out lease requirements with a test that the lease meet the terms and conditions the Secretary establishes.
What the document actually says“in paragraph (11), by striking ``lease--'' and all that follows through the period at the end and inserting ``lease meets the terms and conditions established by the Secretary''.”
The older words about the lease come out. New words go in. The lease must now meet what the housing agency sets.
A manufactured home often sits on rented land. The lease for that land had fixed rules in the law. Now the agency writes them.
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.