Shaheen, Van Hollen Urge Federal Housing Finance Agency to Implement Energy-Efficient Building Codes for New Federally-Backed Homes

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) joined U.S. Senator Chris Van Hollen (D-MD) in sending a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson urging the Agency to require that new homes with mortgages backed by government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae, meet up-to-date building codes for energy efficiency. In their letter, the Senators ask Director Thompson for an updated timeline for a decision, while calling on FHFA to act swiftly in order to improve home energy efficiency and ultimately save Granite State homeowners and renters money.

The Senators wrote, in part: “Aligning new home energy standards with updated model codes will save money for homeowners and renters across the country. HUD and USDA found that the increased initial costs of construction are more than made up for by lower monthly energy costs. […] Beyond these financial benefits, updated codes help save lives by protecting families from the impacts of extreme weather events, particularly utility outages during heat waves and cold snaps. Updated energy codes can also yield better indoor air quality and reduce exposure to pollutants that can have negative health impacts including asthma, heart disease and lung cancer.”

They continued: “This year is an ideal time for FHFA to make these changes. The Bipartisan Infrastructure Law and Inflation Reduction Act provided over $1.2 billion of federal funding to help states and localities update their building codes. Already, multiple state and local governments, as well as HUD and USDA have adopted the updated building codes.”

The Senators concluded: “We urge you to move quickly to adopt modern energy standards for new homes utilizing Enterprise-backed mortgages to align with other federally backed housing construction, and ask you for an update on your timeline for taking this action. These standards will support a stable, efficient housing market by reducing wasted energy, improving health outcomes, and lowering costs for both renters and homeowners across the country.”

The letter was cosigned by Senators Cory Booker (D-NJ), Martin Heinrich (D-NM), Ed Markey (D-MA), Bernie Sanders (I-VT), Elizabeth Warren (D-MA) and Peter Welch (D-VT). This letter is supported by Americans for Financial Reform, Rocky Mountain Institute, and the National Electrical Manufacturers Association.

The full letter text can be found here.

Shaheen has championed work to secure federal investments in clean energy and energy efficiency initiatives and to lower energy costs across New Hampshire, especially by fighting for updated building energy codes standards. Earlier this year, Shaheen sent a letter to the Federal Housing Finance Agency (FHFA) urging it to require that new homes with mortgages backed by Fannie Mae and Freddie Mac meet up-to-date building codes for energy efficiency. The Senator also recently applauded action by the Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) to adopt updated Minimum Energy Standards for new single and multifamily federally-backed homes.

Shaheen was a lead negotiator of the Bipartisan Infrastructure Law, which made huge investments in clean energy, including $225 million to support the adoption and implementation of updated building energy codes based upon her longstanding bipartisan legislation with Senator Rob Portman. Shaheen also helped secure $1 billion in the Inflation Reduction Act, of which New Hampshire is eligible for nearly $2.5 million to support modern code adoption, implementation, enforcement, training and workforce development. Shaheen recently wrote an op-ed in the Union Leader urging the State of New Hampshire to adopt the latest building energy codes and use this federal funding.

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