Modular Housing Production Act

The Modular Housing Production Act requires the Secretary of Housing and Urban Development to review Federal Housing Administration (FHA) construction financing programs and identify barriers preventing modular home developers from using these programs, such as restrictive payment schedules for construction. Within one year, the Secretary must publish a report with recommendations to remove these barriers, followed by a rulemaking process to establish an alternative payment schedule for modular home financing, including public input. The bill also authorizes a grant to study a standardized code for modular homes to improve design coordination and financing alignment. This legislation aims to streamline access to FHA financing for modular home developers without changing existing housing standards.