Markup of Housing Finance Reform on Hold

Following a story MHProNews posted yesterday regarding the planned markup Tue., April 28 by the Senate Banking Committee of housing finance reform that includes provisions supportive of the manufactured housing industry, that discussion has been postponed. In an Action Alert from Manufactured Housing Institute (MHI) Chairman Nathan Smith said, while Senators Mike Crapo (R-ID) and Tim Johnson (D-SD) believe they have the votes to move it out of committee, they may have the opportunity to broaden the base of support for the measure, giving it a better chance of becoming law. Majority Leader Harry Reid (D-NV) must then be convinced to bring the bill to the floor of the full Senate. Meanwhile, MHI has been working with Sen. Joe Manchin (D-WV) to shape amendments to the Dodd-Frank Act for manufactured housing industry regulatory relief. ##

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