The limits for buying a manufactured home and a lot are raised
What the document says“``(C)(i) $106,405 if made for the purpose of financing the purchase of a single-section manufactured home; and ``(ii) $195,322 if made for the purpose of financing the purchase of a multi-section manufactured home;”
The section replaces subparagraphs (C) and (D) of section 2(b)(1) of the National Housing Act with limits of $106,405 for a single-section manufactured home and $195,322 for a multi-section one, and $149,782 and $238,699 respectively where a suitably developed lot is bought with the home. It also raises the figures in subparagraphs (B) and (E), removes the phrase covering an apartment house from subparagraph (B), and removes the per-space cap there.
What the document actually says“``(C)(i) $106,405 if made for the purpose of financing the purchase of a single-section manufactured home; and ``(ii) $195,322 if made for the purpose of financing the purchase of a multi-section manufactured home;”
A one-piece factory home has a loan limit. It is set at $106,405. A home made of more than one piece has a higher limit of $195,322.
Two more limits cover buying the land with the home. Those are higher again. A section here means a piece of the home built in the factory.
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