The bill, S. 964, aims to modify the National Housing Act to raise the limits on certain loans related to property improvements. It specifies that these loans can now be used for building accessory dwelling units, which are small residential units on the same grounds as a...
Simple Explanation
The bill wants to let people borrow more money to fix up their homes and even build small extra houses in their backyard, but some people are worried it might lead to confusing rules and wasteful spending.