Rep. Kustoff Applauds Passage of Bill to Protect Affordable Housing
Washington, D.C. – U.S. Representative David Kustoff (TN-08) today delivered remarks on the House floor in support of the Preserving Access to Manufactured Housing Act of 2017 (H.R. 1699). This bipartisan legislation, which the Congressman cosponsored, passed the House of Representatives shortly after.
The full text of Congressman Kustoff’s remarks follows:
I rise today in support of the Preserving Access to Manufactured Housing Act of 2017, legislation of which I was proud to be an original cosponsor.
In West Tennessee and in other rural areas around the country, manufactured housing is a critical, affordable option for many families.
More than 8.5 million families – that is roughly 22 million Americans – have chosen this option because of the affordability and value.
In fact, one out of ten West Tennesseans has chosen manufactured housing as the best option to make their home.
For this reason, our legislation is essential to protecting consumer choices and financing options for those seeking to buy a manufactured home, while also leaving in place important consumer protections.
In fact, close to 60 percent of new manufactured homes sell for less than $70 thousand and are usually available at lower monthly payments than what it costs to rent.
Manufactured home loans are always offered as a fixed rate, fixed term option.
I am pleased to support this commonsense, bipartisan legislation, which will allow many Americans seeking the American dream of owning a home to continue to have access to affordable manufactured housing.