Hill Helps Provide Arkansans with Affordable Housing Options
Washington,
December 1, 2017
Tags:
Financial Services
Congressman French Hill (AR-02) issued the following statement after supporting bipartisan legislation to help provide Americans with affordable housing options: “Hardworking Arkansans, especially those in our rural communities, depend on manufactured homes as an affordable housing option. With only a handful of lenders making loans for manufactured home, it is already difficult for homebuyers to get the financing they need without needless obstacles. The days of the Consumer Financial Protection Bureau’s prescriptive, one-size fits all regulation standing the way of affordable home ownership are numbered thanks to the bill we passed today, which I was proud to support. “I appreciate Rep. Andy Barr’s (R-KY) thoughtful work on this measure to help hardworking Arkansans and Americans who are attempting to obtain the dream of homeownership.” Click HERE to view Rep. Hill’s floor speech in support of H.R. 1699. Background: The Preserving Access to Manufactured Housing Act, H.R. 1699, helps protect consumers’ ability to buy a manufactured home. It clarifies that a manufactured home salesperson is not originating a loan when helping a consumer apply for a mortgage or prepare loan information, unless they are compensated by a creditor, lender, or mortgage broker. |
