Property Improvement Loan Increase Bill
Official: Property Improvement and Manufactured Housing Loan Modernization Act of 2026
This bill updates the National Housing Act to increase loan limits for home improvements and clarify that loans can cover additional living spaces. It aims to make housing more accessible and affordable for families.
1. This bill raises the limits on loans for home improvements. 2. It allows loans to be used for building extra living spaces, like accessory dwelling units. 3. The loan limit for single-family home improvements increases to $75,000. 4. The loan limit for purchasing multi-section manufactured homes rises to $195,322. 5. The bill includes annual adjustments to loan limits based on market data.
Homeowners looking to improve their properties or build additional living units.