The Inflation Reduction Act: Benefits for Builders of Multifamily Housing Energy Efficiency
According to the U.S. Department of the Treasury, as communities around the United States implement solutions to housing shortages, building developers, owners, and operators have new or expanded tools created by the Inflation Reduction Act’s historic investments to reduce costs for some of the most important aspects of residential buildings. Whether building new, substantially reconstructing, or rehabilitating existing multi-family residential buildings, developers and contractors may now be eligible for several building-related tax incentives and other financing tools that will ultimately help homeowners and renters cut energy costs. At the same time, these incentives will help make buildings more efficient, more climate resilient, and less carbon-intensive. Housing stakeholders, from residents to community leaders, may also benefit from awareness about these tax incentives because they may be used across a wide variety of housing types.
