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Association Says Legislation Will Help Housing Affordability by Staff
The House has approved the Lower Energy Costs Act, a legislation supported by the National Association of Home Builders (NAHB) to repeal a section of the Inflation Reduction Act that provides $1 billion in grants to pressure state and local governments to adopt expensive and restrictive energy codes. NAHB also succeeded in adding an amendment to the bill to prevent the Department of Energy from implementing a proposed rule that would limit consumer access to gas stoves. While supporting cost-effective and modern energy codes, NAHB opposes grant programs that prevent amendments to energy codes that would account for local conditions and cost-effectiveness. According to the report, adoption of the 2021 International Energy Conservation Code can cost a homebuyer up to $31,000 in additional costs, which could exacerbate the housing affordability crisis.
Association's Funds help HBAs Tackle Regulatory Challenges
NAHB Survey Results Released
Association's Forecast Contrasts Fed's Expectations
National Association of Home Builders Responds to Calls for Increased Affordable Housing Supply
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