Dan Crenshaw: “If the gentleman really wants people to have access to manufactured housing, then I don't think he would be proposing…”

“If the gentleman really wants people to have access to manufactured housing, then I don't think he would be proposing this amendment. If you adopt this amendment and take out the language we have in the bill, then you are going to limit access to quality, affordable housing for an awful lot of people. That is what happens when the CFPB tries to overregulate an industry. What happens is they limit access to financing and you limit options for manufactured housing. You have got to understand that these new regulations don't reflect the unique nature of manufactured homes; the sales process, the lenders. The lenders can't offer small balanced loans anymore because of these regulations, and that is what they used to purchase affordable housing. So if you really care about folks and you want them to be able to access the housing market, if you really want them to be able to pursue the American Dream of owning a home someday, then you will reject this amendment and allow the provision that we put in this bill to stand. Let me once again urge that my colleagues vote ``no'' on this amendment. Mr. Chairman, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Minnesota (Mr. Ellison). The question was taken; and the Acting Chair announced that the noes appeared to have it.”