The limit for improving an existing single-family home is set at $75,000
What the document says“``(A) $75,000 if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure, including a manufactured home;'';”
The section replaces subparagraph (A) of section 2(b)(1) of the National Housing Act with a $75,000 limit for a loan financing alterations, repairs, and improvements to an existing single-family structure, including a manufactured home.
What the document actually says“``(A) $75,000 if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure, including a manufactured home;'';”
The limit is set at seventy five thousand dollars. That covers work on a home that already stands. A factory-built home counts as one.
This is a ceiling on the size of the loan, not a grant. The work must be on a home that already exists. The old subparagraph is replaced whole.
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.