Skip to main content
HR 7386 116th Congress House

HOMES Act of 2020

Official title: To ensure that federally backed financing for the construction, rehabilitation, or purchase of manufactured home communities is available only for communities … Show full official titleShow less

Official title: To ensure that federally backed financing for the construction, rehabilitation, or purchase of manufactured home communities is available only for communities whose owner has implemented minimum consumer protections in the lease agreements with residents of all manufactured home communities owned by such owner, and for other purposes.

Introduced: June 26, 2020 See on congress.gov
Finance and Financial Sector Advisory bodiesCongressional oversightConsumer affairsGovernment lending and loan guarantees
More subjectsShow fewer subjects
Housing finance and home ownershipHousing industry and standardsLease and rental services
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2020
Referred to the House Committee on Financial Services.
Jun 26, 2020
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 26, 2020

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Helping Owners Meet Essential Standards Act of 2020 or the HOMES Act of 2020

This bill requires manufactured housing communities and home parks to meet minimum consumer protections to be eligible for certain federally-backed loans for the construction, substantial rehabilitation, or purchase of these communities. Specifically, the Department of Housing and Urban Development is prohibited from insuring such a loan, and Fannie Mae and Freddie Mac are prohibited from purchasing such a loan, unless a borrower provides specified tenant protections, including

  • one-year renewable lease terms, unless there is good cause for nonrenewal;
  • a 60-day advance notice of any increase in rent, or of a sale or closure of the community;
  • a five-day grace period for rent payments; and
  • a right for a tenant to sell a manufactured home within a reasonable time period after eviction.

The bill also establishes the Manufactured Home Company Lending Standards Commission to propose additional consumer protection standards.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7386: HOMES Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7386/
MLA
"H.R. 7386: HOMES Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7386/.
Bluebook (legal)
H.R. 7386, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7386/.
Markdown link
[H.R. 7386: HOMES Act of 2020](https://openamerica.io/bill/116-HR-7386/)
Report a problem