Incentives for Energy Efficiency Expanding

The Department of Housing and Urban Development and the Federal Housing Administration are looking to increase energy efficiency incentives for homeowners, including opportunities for larger home loans.

The FHA will offer better loans that enable homeowners to get mortgages that are 5% larger if they plan on making energy improvements.

"HUD Secretary Shaun Donovan wants the FHA to offer additional incentives. One of the possibilities: Give loan applicants credit on their qualifying incomes for a home loan in exchange for documentable savings in annual energy expenditures.

Meanwhile, the House of Representatives has passed a massive energy conservation and emissions control bill. Though the American Clean Energy and Security Act is better known for its more controversial "cap-and-trade" carbon emissions program, the bill also contains a section devoted to creating incentives for consumers and federal agencies to build and finance energy-efficient dwellings."

Full Story: Energy efficiency incentives likely to grow

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Essential Readings in Urban Planning

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95