- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
NAHB: Biden Administration Is Making it Harder to Finance Homes
Posted on 5/12/24 at 9:05 pm
Posted on 5/12/24 at 9:05 pm
quote:
The U.S. Department of Housing and Urban Affairs (HUD) was busy last week, publishing two new determinations that increase the requirements for borrowers to use federal mortgage programs when purchasing new homes.
On the latest episode of the NAHB podcast Housing Developments, CEO Jim Tobin and COO Paul Lopez welcome to the program Jessica Lynch, VP of Housing Finance, to discuss the new rules.
First, Lynch explains the new Federal Flood Risk Management Standard from HUD that will require a complicated, three-tiered process for determining the extent of the floodplain, with a preference for a climate-informed science approach, for owners of new homes to qualify for FHA mortgage insurance.
Lynch then discusses the recent move by HUD to require all new homes purchased under certain mortgage program to be built to the 2021 International Energy Conservation Code (IECC), regardless of whether a state or jurisdiction has adopted that version of the IECC.
Worth a read.
LINK
6
Posted on 5/12/24 at 9:06 pm to TerryDawg03
quote:
with a preference for a climate-informed science approach,
So...fiction
Posted on 5/12/24 at 9:09 pm to udtiger
quote:
So...fiction
Well, since the oceans are going to rise somewhere between 1 ft and 100 ft over the next 1-100 years, depending on what day of the week it is and which way the wind is blowing and how bad they try to "scare" us... I can only assume that this will lead to no loans being given in areas which will flood based upon those numbers. Or something like that. Or not. And bet your bottom dollar exceptions will be built in for certain groups of borrowers, but not for other groups of borrowers.
This post was edited on 5/12/24 at 9:10 pm
Posted on 5/12/24 at 9:09 pm to udtiger
quote:
quote:
with a preference for a climate-informed science approach,
So...fiction
The requirement for all new construction to abide by the 2021 IECC in order to qualify for FHA financing is even worse. The rule is slated to go into effect at the end of May and will block FHA financing for all homes that don't meet this standard, which is only required in a handful of states - you can probably guess the liberal utopias that require them now.
This post was edited on 5/12/24 at 9:10 pm
Posted on 5/12/24 at 10:22 pm to TerryDawg03
I'm very glad I established a position to get rid of HUD.
Posted on 5/12/24 at 10:38 pm to TerryDawg03
You’ll own nothing and be happy
Posted on 5/13/24 at 5:29 am to TerryDawg03
Louisiana has adopted 2021 IECC
I know more of the changes to commercial building as I work in that field. However I am pretty sure the residential changes greatly affect exterior wall insulation thickness. And I know commercial has more energy efficient windows (and max 20-30% exterior profile can be windows) but not sure if residential includes this requirement
I know more of the changes to commercial building as I work in that field. However I am pretty sure the residential changes greatly affect exterior wall insulation thickness. And I know commercial has more energy efficient windows (and max 20-30% exterior profile can be windows) but not sure if residential includes this requirement
Posted on 5/13/24 at 6:21 am to TerryDawg03
Everything Joseph BURDEN does is worse than everybody else.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News