This legislation mandates a comprehensive review by the Secretary of Housing and Urban Development of Federal Housing Administration (FHA) construction financing programs . The primary goal of this review is to identify and evaluate existing regulatory and programmatic features that impede the participation of modular home developers, specifically focusing on aspects like construction draw schedules. Following this review, the Secretary must publish a detailed report within one year, outlining the findings and proposing specific programmatic and policy changes to eliminate identified barriers. Subsequently, within 120 days of the report's publication, the Secretary is required to initiate a rulemaking process to examine an alternative draw schedule for construction financing loans for both modular and manufactured home developers, allowing for robust public comment. The Secretary will then either issue a final rule or provide a clear explanation for not doing so. Furthermore, the bill authorizes the Secretary to award a grant to study the feasibility and design of a standardized uniform commercial code for modular homes . This study would explore how such a code could streamline design, improve innovation, and coordinate with financing incentives, with necessary funds authorized for appropriation.