the American Dream starts with owning a home, but today families are being priced out by unnecessary Federal regulations. The Affordable HOMES Act fixes a simple but costly mistake in Washington: two Federal agencies regulating the same homes in different ways. The Department of Housing and Urban Development has regulated manufactured housing for decades. It knows the market, and it understands how these homes are built and the families who live in them. However, in 2022, the Biden administration layered on a new Department of Energy rule that raised costs on manufactured housing without regard for any of these factors. The rule raised costs by $5,000 to $10,000 per door, with little to no environmental benefit. It simply made homes harder to afford. I ask my Democratic colleagues: What difference does it make if a home is more energy efficient if you can't afford to buy it? For families looking to buy a manufactured home, affordability comes down to one thing: whether the monthly payment fits their budget and whether they can actually qualify for a loan. Even a few thousand dollars in added up-front costs can be the difference between owning a home or being shut out entirely. When a policy raises costs and locks families out of homeownership without improving outcomes, it is a failure.
Editor's note · Context
Addressing the impact of federal regulations on homeownership and advocating for the Affordable HOMES Act.
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