Biden Requires New Hud-Backed Homes To Be Energy Efficient
The new policy from the Biden administration mandates that hundreds of thousands of upcoming homes, financed with federal assistance, must incorporate highly efficient heating and cooling systems.
According to E & E News, the policy, which takes effect May 28, is the administration’s latest effort to address climate change by making new buildings less energy intensive, while increasing their resilience to events such as floods.
But unlike many of President Joe Biden’s other climate programs, which have relied on trillions of federal dollars, the new housing policy has drawn opposition from business groups that say it will be costly to homebuyers, particularly those with lower incomes.