I 
116TH CONGRESS 
2D SESSION 
H. R. 7386 
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 protec-
tions in the lease agreements with residents of all manufactured home 
communities owned by such owner, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 26, 2020 
Ms. FINKENAUER (for herself, Mrs. AXNE, and Mr. LOEBSACK) introduced 
the following bill; which was referred to the Committee on Financial Services 
A BILL 
To ensure that federally backed financing for the construc-
tion, 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 manufac-
tured home communities owned by such owner, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Helping Owners Meet 
Essential Standards Act of 2020’’ or the ‘‘HOMES Act 
of 2020’’. 
SEC. 2. REQUIREMENTS FOR COVERED LOAN PROGRAMS. 
(a) REQUIREMENTS.—No loan shall be eligible for in-
surance by the Secretary of Housing and Urban Develop-
ment or purchase by an enterprise (as such term is defined 
in section 1303 of the Housing and Community Develop-
ment Act of 1992 (12 U.S.C. 4502)), as applicable, under 
a covered loan program (as such term is defined under 
section 4 of this Act) unless— 
(1) the borrower under the loan certifies to the 
Secretary or the applicable enterprise that the bor-
rower will include, in any lease agreement for a pad 
site, or a pad site and manufactured home, located 
in any manufactured home community that the bor-
rower or an affiliate of the borrower owns, the min-
imum consumer protections specified in subsection 
(b) of this section; and 
(2) the borrower complies with regulations, 
which shall be issued by the Secretary or the Direc-
tor of the Federal Housing Finance Agency, as ap-
plicable, that require the borrower to submit docu-
mentation to the Secretary or the applicable enter-
prise that is sufficient, as determined by the Sec-
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retary or applicable enterprise, to ensure that the 
borrower is complying with the certification pursu-
ant to paragraph (1), which shall include a copy of 
the standard lease agreement used by the borrower 
that includes such minimum protections. 
(b) MINIMUM CONSUMER PROTECTIONS.—The min-
imum consumer protections specified in this subsection are 
as follows: 
(1) One-year lease terms that are renewable for 
additional one-year terms unless there is good cause 
for non-renewal. 
(2) A right to receive 60-day advance written 
notice of any increase in the rents for pad sites, or 
pad sites and manufactured homes, located in the 
community, including a written justification of the 
increase with information on increases in the costs 
of operating, maintaining, or improving the commu-
nity. 
(3) A 5-day grace period for rent payments. 
(4) A right to cure defaults on rent payments. 
(5) A right for a tenant to sell a manufactured 
home owned by the tenant without having to first re-
locate it out of the community. 
(6) A right for a tenant to sell a manufactured 
home owned by the tenant in place within a reason-
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