Property Improvement and Manufactured Housing Loan Modernization Act of 2025

Hozzl · 2025-03-31T14:12:13Z

Explore the details of Senate Bill 964 Property Improvement and Manufactured Housing Loan Modernization Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

3/31/2025, 2:12 PM

Summary of Bill S 964

Bill 119 s 964, also known as the "Accessory Dwelling Unit (ADU) Act of 2021," aims to make changes to title I of the National Housing Act. The main purpose of this bill is to raise the loan limits for property improvement loans and to specify that these loans can be used for the construction of accessory dwelling units.

An accessory dwelling unit is a secondary housing unit located on the same property as a primary residence. These units can provide additional housing options for homeowners, renters, and families in need of affordable housing. By allowing property improvement loans to be used for the construction of ADUs, this bill seeks to promote the development of these units and increase the availability of affordable housing options.

In addition to increasing loan limits and clarifying the use of funds for ADUs, the bill also includes provisions to ensure that the construction of these units complies with local zoning and building codes. This is important to ensure that ADUs are safe, well-built, and in compliance with local regulations. Overall, Bill 119 s 964 aims to support the development of accessory dwelling units as a way to increase affordable housing options and address the housing shortage in the United States. By making it easier for homeowners to finance the construction of ADUs, this bill has the potential to have a positive impact on housing affordability and availability across the country.

Current Status of Bill S 964

Bill S 964 is currently in the status of Bill Introduced since March 11, 2025. Bill S 964 was introduced during Congress 119 and was introduced to the Senate on March 11, 2025. Bill S 964's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1666) as of March 11, 2025

Bipartisan Support of Bill S 964

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 964

Primary Policy Focus

Housing and Community Development

Alternate Title(s) of Bill S 964

A bill to amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units.A bill to amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units.

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