RegulatoryJun 24, 2026, 06:46 AM
UMH Properties Supports New Housing Act to Boost Manufactured Homes
AI Summary
UMH Properties, Inc. expressed strong support for the 21st Century ROAD to Housing Act, comprehensive bipartisan legislation aimed at addressing the nation's housing shortage. The company believes the Act will significantly benefit the manufactured housing sector and UMH's portfolio by removing outdated barriers, lowering production costs, improving financing access, and easing placement restrictions. Key provisions include the removal of the permanent chassis requirement, updates to FHA Title I financing, and the easing of zoning and land-use barriers, all of which are expected to accelerate industry growth and enhance UMH's ability to expand its communities and offerings.
Key Highlights
- UMH supports the 21st Century ROAD to Housing Act to expand housing supply and modernize regulations.
- Legislation removes permanent chassis requirement, reducing construction costs and enabling new designs.
- Updates to FHA Title I financing will increase loan limits and expand eligible uses for manufactured homes.
- Act promotes easing of zoning and land-use barriers, creating a more favorable environment for placement.
- UMH owns and operates 145 manufactured home communities with approximately 27,100 developed homesites.
Price Impact
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