HOUSE REPUBLICAN STAFF ANALYSIS ________________________________________________________________________ Bill: House File 518 (formerly HSB 156) Committee: Economic Growth Date: March 18, 2013 Floor Manager: Rep. Kaufmann Staff: Louis Vander Streek (1‐3626)
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Manufactured Housing Program Bill
Creates a Manufactured Housing Program Fund at the Iowa Finance Authority Allows for loans, linked deposits, guarantees, or reserve funds to be used, but NO appropriation is made at this time
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Summary of Action
The House Economic Growth Committee PASSED HF518/HSB 156 on March 7, 2013 by a vote of 20‐1.
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Section by Section Analysis Section 1 – Manufactured Housing Program The bill creates a Manufactured Housing Program Fund within the Iowa Finance Authority. The stated goal of the Fund is to further the goal of providing affordable housing to Iowans. The purpose of the Fund is to provide funding to financing agents or financial institutions to finance the purchase by an individual of a manufactured home that is in compliance with all laws, rules, and standards that are applicable to manufactured homes and manufactured housing. The bill contains nonreversion language for any moneys appropriated or received by the Fund. The bill allows IFA to provide funding to financing agents or financial institutions in the form of loans, linked deposits, guarantees, reserve funds, or any other prudent financial instruments. NO appropriation to the fund is made at this time.
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1
Amendment Analysis H‐1117 by Isenhart – requires any manufactured home to have been designed, produced, and installed in accordance with Energy Star guidelines.
2
