Analysis: Outdated U.S. Lending Rules Abet Inefficient Homes, High Energy Bills, Climate Change
Washington, DC—Hundreds of thousands of new homes purchased each year with federally backed loans and programs are built to outdated energy efficiency standards, saddling low- and moderate-income households with needless energy costs and raising greenhouse gas emissions, according to a new analysis released today. Other new homes backed by Fannie Mae and Freddie Mac have no limit on energy waste. The American Council for an Energy-Efficient Economy (ACEEE) found that if regulators regularly update efficiency requirements for the homes, they can create one million job-years of work, reduce total costs by $29 billion, and avert carbon pollution equivalent to that from 67 million passenger vehicles in a year.
Enjoy your killer heat bubbles.