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In advance of the 2025 “Tax Super Bowl,” the House of Representatives’ Ways & Means Committee created “Tax Teams” earlier this year and accepted comments from interested parties.

MHI submitted comments highlighting how actions such as extending tax credit incentives for Energy Star® homes, ensuring any home purchase tax incentive applies to manufactured homes, and creating incentives for the replacement of non-HUD Code “mobile homes” would help increase the affordable housing supply for working families. Additionally, MHI detailed how lawmakers can support land-lease communities through measures like improving Opportunity Zone tax incentives, preserving Section 1031 like-kind exchanges, opposing proposals that undermine community preservation, and opposing the elimination of depreciation benefits based on rents.

In addition to its own letter, MHI also signed a coalition letter supporting the inclusion of the “Middle Class Mortgage Insurance Premium Act” in a tax package. This Act would make permanent the mortgage insurance premium tax deduction and increase the adjusted gross income phase-out to $200,000 ($100,000 if married filing separately.)

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November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 4, 2024

New HUD Deputy Assistant Secretary for Manufactured Housing Gives Manufactured Housing Equal Billing with Single Family and Multifamily at HUD

The U.S. Department of Housing and Urban Development (HUD) announced that Teresa Payne will be the new Deputy Assistant Secretary for Manufactured Housing, a position created after HUD made the Office of Manufactured Housing Programs (OMHP) an independent office reporting directly to the Assistant Secretary for Housing and Federal Housing Commissioner in June.

October 9, 2024

Top Economist & Top Demographer to Share Market Insight at MHI National Communities Council Fall Leadership Forum

Eric Finnigan, Vice President of Demographics Research at John Burns Research & Consulting and Douglas Holtz-Eakin, President of the American Action Forum will address MHI’s National Communities Council Fall Leadership Forum.

November 26, 2024

Texas Court Rules DOL Overtime Rule Invalid

The U.S. District Court for the Eastern District of Texas issued a ruling invalidating the Department of Labor’s (DOL) overtime final rule which was published in April 2024.

November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 20, 2024

HUD Releases FHA Management Report

Last Friday HUD released its annual Fiscal Year 2024 FHA Management Report, in conjunction with its annual Mutual Mortgage Insurance (MMIF) Report. The reports, a financial scorecard of FHA’s finances, showed continued financial strength for FHA single family loans. FHA’s net worth increased from $145.29 billion to $172.76 in the last year, and its capital ratio increased from 10/51% to 11.47% in the same period.