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Bill to let manufactured homeowners opt to title homes as real property advances
Summary
SB 996 would allow manufactured‑home owners to opt to title their homes as real property, improving access to conventional mortgage financing and title insurance, proponents said. The Assembly Housing Committee moved the bill forward after supporters and one submitted opposition registered concerns about draft language.
Sen. Padilla presented SB 996 as a way to expand homeownership for working families by enabling manufactured homeowners to opt into titling their homes as real property. "This bill would create an opt in process for manufactured homeowners to have their homes titled...as real property and in turn gain access to more favorable financing options such as traditional mortgages," the author said.
Ryan Sears, head of policy and research at Neighborhood Partnership Housing Services, testified that current treatment of many manufactured homes as personal property forces borrowers into high‑cost loans and excludes them from protections available with conventional mortgages. "You may be asking how would a titling change actually effectively lower rates and help homeowners? The answer is title insurance," Sears said, describing how title insurance and real‑property treatment reduce lender risk and expand access to lower‑cost financing. Multiple community lenders and land‑trust groups voiced support; one organization submitted opposition on technical grounds and asked to continue bargaining on draft language.
The committee acknowledged stakeholder concerns and reserved final action until a quorum vote; clerks later recorded the packet disposition in the committee roll call. The article notes the committee action to send SB 996 forward for further consideration and encourages affected parties to continue engaging on implementation details.
