CHLA Salutes HUD For Delaying The Energy Standard For FHA Single Family New Construction
The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s action, published in the Federal Register – to delay by six months the compliance deadline for a requirement that new homes financed with FHA loans must meet the International Energy Conservation Code (IECC) energy standards for new homes:
“The Community Home Lenders of America (CHLA) applauds HUD’s action to delay the compliance date for the pending requirement that new homes financed by FHA single family loans must meet IIEC energy standards,” said Scott Olson, Executive Director of the CHLA.
“CHLA had called for elimination of this federal incursion into local construction standards – a proposal, whose main impact would have been to deny FHA loans for many homebuyers of new homes. Therefore, CHLA calls on FHA to use this delay to take final action to permanently shelve this proposal,” concluded Olson.
HUD promulgated the FHA new construction energy standards in April 2024 with an effective compliance date of November of 2025. Today’s announcement delays that for an additional six months, “to provide additional time for the administration to review questions of fact, law and policy supporting the Final Determination,” as stated in today’s Federal Register notice.
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