The Biden Administration recently moved to require more stringent energy efficiency standards on federally funded housing projects.
Developers building homes with taxpayer funds will have to construct to the International Energy Conservation Code (IECC) 2021 for low-density housing and American Society of Heating, Refrigerating and Air-Conditioning Engineers ASHRAE 90.1 for multi-family projects. The new standards will result in energy savings of more than 35% for families, officials say.
An estimated 170,000 new homes per year would be impacted by the beefed-up standards. This includes newly built or financed subsidized housing, both urban and rural. Many of the residents will be families of limited means who will benefit from energy cost savings, the administration says.
The White House also pledged $830 million for clean-energy building retrofits for existing homes, funded by the Inflation Reduction Act.
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4 products for your next multifamily project
These new products can help improve any new multifamily project.
