MANUFACTURED HOUSING INSTITUTE for MANUFACTURED HOUSING INSTITUTE

Banking BAN

HR 1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR 1224 - GSE Portfolio Risk Reduction Act of 2011 HR 1227 a bill to prohibit Fannie Mae and Feddie Mac from offering any new products during the term of any conservatorship or receivership of such enterprises. HR. 1226 - A bill to repeal the affordable housing goals for Fannie Mae and Freddie Mac HR 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers HR 1222 GSE Subsidy Elimination Act

Contacted: Housing & Urban Development, Dept of (HUD); Environmental Protection Agency (EPA); Energy, Dept of; Small Business Administration (SBA); SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES; Federal Emergency Management Agency (FEMA)

Bills named: H.R. 1226 (112th), H.R. 1223 (112th), H.R. 1222 (112th), H.R. 1227 (112th), H.R. 31 (112th), H.R. 1224 (112th)

Financial Institutions/Investments/Securities FIN

Foreclosure Prevention Act-Comprehensive FHA Title I and Title II Reform. Net Operating Loss (NOL) carryback provisions, tax credit for homebuyers who purchase a home in foreclosure, provision allowing for an additional standard deduction for real property taxes for non-itemizers. FHA Permanent Foundation Requirements for Manufactured Homes - 24 CRF 203.47f - In lieu of installing HUD Code homes in accordance with the Guide to Permanent Foundations, FHA will be proposing to adopt the HUD Model Installation Standard (or state equivalent) as its permanent foundation requirement HUD Proposed Rule - GSE Affordable Housing Goals-24 CFR Part 81-Proposed rule will establish the housing goals (effective 2009) for the GSEs. HUD Proposed Rule - Reform of the Real Estate Procedures Act (RESPA)-24 CFR Parts 203 and 3500-Proposed rule would require lenders to itemize borrower costs on an enhanced Good Faith Estimate. Lenders to disclose Yield Spread Premiums paid to brokers. New penalties for RESPA violations. Federal Reserve Proposed Rule - Regulation Z Reform- 12CFR Part 226 Fed proposed defines "higher prices mortgage loans" (HPML as any loan with an APR 3pts above yield on t-bills with comparable terms. Rules provides that HPML lenders required to consider borrower's ability to repay, verify income, escrow taxes and insurance, and are not permitted to use prepayment penalties FHA Title II Morgagee Letter "Manufactured Housing Policy Guidance" - "Manufactured Housing Policy Guidance"-The letter covers a host of issues under the topic of property eligiblity and underwriting eligibility. The letter indicates FHA's desire to receive invoices and supporting documentation for all site-work from installers and subcontractors. This documentation is not required for site-built construction loans and is excessive considering all homes are appraised by FHA approved appraisers. Dodd-Frank Wall Street Reform & Consumer Protection Act - Public Law No: 111-203. Implementation

Contacted: SENATE; Small Business Administration (SBA); HOUSE OF REPRESENTATIVES; Housing & Urban Development, Dept of (HUD); Treasury, Dept of; Federal Emergency Management Agency (FEMA); Environmental Protection Agency (EPA); Energy, Dept of

Taxation/Internal Revenue Code TAX

The ENERGY STAR tax credit is set to expire in December 2011. Currently, manufacturers who build ENERGY STAR homes are eligible to receive a $1,000 tax credit. Morgage Interest Deduction - As Congress and the Adminstration look at tax increases in light of deficit concerns

Contacted: SENATE; Treasury, Dept of; Federal Emergency Management Agency (FEMA); Environmental Protection Agency (EPA); Energy, Dept of; HOUSE OF REPRESENTATIVES; Small Business Administration (SBA); Housing & Urban Development, Dept of (HUD)

Housing HOU

H.R. 175, the Smart Housing in Disasters Act of 2011. Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Directs the Administrator of FEMA to develop a lifecycle and tracking plan for housing units provided to individuals and households affected by an disaster. 24 CFR 3282, 3285-HUD On-Site Completion of Construction of Manufactured homes-Will set forth provisions under a new subpart allowing for the on-site completion of innovative homes components/construction practices that are essentially extensions of home construction elements currently covered by the HUD-Code but not expressly provided for and therefore require Alternative Construction letters. 24 CRF 3280.402-HUD-Code Truss Testing Protocol-The proposed rule would amend Sec.3280.402 to provide more stringent initial qualification of truss design. HUD-Code 3282 Subpart E & H- HUD has initiated a new effort directed at revising the regulations covering manufacturer inspection and certification requirements, and primary inspection agencies. Residential Fire Sprinklers - The number of jurisdictions requiring the installation of fire sprinklers in single family home is likely to grow because of new residential fire sprinkler requirements in the International Code Council's 2009 edition of the International Residential Code. Fiscal 2012 Appropriations - Federal Housing Administration - HUD Subpart I HUD 24 CFR3282 to propose change to the manufactured home consumer complaint handling program. 24 CFT Part 3280 HUD proposed rule to make various changes to the manufactured housing construction safty standards HUD - Implementation of new quality assurance quidelines and compliance programs and audits.

Contacted: SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES; Small Business Administration (SBA); Federal Emergency Management Agency (FEMA); Energy, Dept of; Housing & Urban Development, Dept of (HUD); Environmental Protection Agency (EPA)

Bills named: H.R. 175 (112th)

Energy/Nuclear ENG

S. 398 Implementation of a National Consensus Appliance Agreements - to improve the energy-efficiency of certain appliances and equipement Mobile Home Replacement Program - To provide assitance to owners of manufactured homes contructed prior to 1976 to purchase Energy Star qualified manufactured homes (expected to be re-introduced in 2011) Energy Independence Security Act of 2007- Energy requirements for manufactured homes - The Department of Energy has initiated the drafting of proposed amendments to the energy requirements of the HUD Code homes as directed by EISA 2007. Fiscal 2012 Appropriations: DOE -Energy Efficiency

Contacted: Housing & Urban Development, Dept of (HUD); Environmental Protection Agency (EPA); Energy, Dept of; HOUSE OF REPRESENTATIVES; Federal Emergency Management Agency (FEMA); Treasury, Dept of; SENATE; Small Business Administration (SBA)

Bills named: S. 398 (112th)

Labor Issues/Antitrust/Workplace LBR

Employee Free Choice Act - The bills main provision would effectively eliminate the secret ballot for unions organizing elections and replace it with card check where the vote of workers would be made public to employers, co-workers and union organizers (expect reintroduction in 2011)

Contacted: Energy, Dept of; HOUSE OF REPRESENTATIVES; Small Business Administration (SBA); Treasury, Dept of; SENATE; Environmental Protection Agency (EPA); Housing & Urban Development, Dept of (HUD); Federal Emergency Management Agency (FEMA)