House Tees Up Revised Housing Bill; Would Still Boost Manufactured Housing

Research evidence excerpt

House Tees Up Revised Housing Bill; Would Still Boost Manufactured Housing

TD Securities (USA) LLC POLICY NOTE

May 14, 2026

■WRG Financial Services House Tees Up Revised Housing Bill; Would

■WRG Housing

Still Boost Manufactured Housing

Jaret Seiberg THE TD COWEN INSIGHT

202 868 5313

House Financial Services Chair French Hill on Wednesday night released a revised bipartisan

jaret.seiberg@tdsecurities.com

housing package. The new bill preserves language benefiting manufactured housing. It also

includes the President's ban on institutional investors buying more single family homes though

it excludes built-for-rental single family homes. We expect the House to approve the bill next

week.

What Is Happening

House Financial Services Chair French Hill has a revised housing package.

Details in the 316-page bill include:

■Eliminates the permanent chassis requirement for manufactured housing.

■Boosts modular construction by directing regulators to ensure modular homes are eligible

for the same construction financing as traditionally built houses.

■Banking provisions include an expansion of the amount of reciprocal deposits a bank may

hold before they are deemed brokered deposits as well as provisions that would let the FDIC

sell a failed bank to a smaller bank even if selling it to a mega bank would be less costly to

the deposit insurance fund.

■This retains the Senate ban on institutional investors buying additional single-family homes

for rentals though it includes more exclusions including built-for-rental proprieties.

Our View

■We expect this will be offered next week under a special process that bars amendments and

provides for limited debate. That means it will need support from two-thirds of the House.

■The bill should clear that hurdle as we expect the backing of Rep.