Bipartisan Legislation will Ease Credit Access

The National Association of Home Builders (NAHB) reports the inventory of newly-built homes because of the recession has led to both houses of Congress with legislation seeking to resolve some ongoing credit access problems for builders. S. 1002 Senators was introduced by Robert Menendez (D-NJ) and Johnny Isakson (R-Ga). Similar to the bill in the Senate, H. R.1225 was introduced in the House by Reps. Gary Miller (R-Calif.) and Carolyn McCarthy (D-NY). NAHB Chairman Rick Judson says new homes lead to new jobs and additional revenue for all levels of government. As MHProNews knows, Rep. Gary Miller also co-sponsored HR 1779, The Preserving Access to Manufactured Housing Act, as we reported here May 3, 2013.

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