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NAHB: Biden Administration Is Making it Harder to Finance Homes
Posted on 5/12/24 at 9:05 pm
Posted on 5/12/24 at 9:05 pm
quote:
The U.S. Department of Housing and Urban Affairs (HUD) was busy last week, publishing two new determinations that increase the requirements for borrowers to use federal mortgage programs when purchasing new homes.
On the latest episode of the NAHB podcast Housing Developments, CEO Jim Tobin and COO Paul Lopez welcome to the program Jessica Lynch, VP of Housing Finance, to discuss the new rules.
First, Lynch explains the new Federal Flood Risk Management Standard from HUD that will require a complicated, three-tiered process for determining the extent of the floodplain, with a preference for a climate-informed science approach, for owners of new homes to qualify for FHA mortgage insurance.
Lynch then discusses the recent move by HUD to require all new homes purchased under certain mortgage program to be built to the 2021 International Energy Conservation Code (IECC), regardless of whether a state or jurisdiction has adopted that version of the IECC.
Worth a read.
LINK
Posted on 5/12/24 at 9:06 pm to TerryDawg03
quote:
with a preference for a climate-informed science approach,
So...fiction
Posted on 5/12/24 at 10:22 pm to TerryDawg03
I'm very glad I established a position to get rid of HUD.
Posted on 5/12/24 at 10:38 pm to TerryDawg03
You’ll own nothing and be happy
Posted on 5/13/24 at 5:29 am to TerryDawg03
Louisiana has adopted 2021 IECC
I know more of the changes to commercial building as I work in that field. However I am pretty sure the residential changes greatly affect exterior wall insulation thickness. And I know commercial has more energy efficient windows (and max 20-30% exterior profile can be windows) but not sure if residential includes this requirement
I know more of the changes to commercial building as I work in that field. However I am pretty sure the residential changes greatly affect exterior wall insulation thickness. And I know commercial has more energy efficient windows (and max 20-30% exterior profile can be windows) but not sure if residential includes this requirement
Posted on 5/13/24 at 6:21 am to TerryDawg03
Everything Joseph BURDEN does is worse than everybody else.
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