FHA cut may spur multifamily energy rehabs

Energy efficient apartment with solar panels systemREALTORmag

The Federal Housing Administration announced Thursday it would reduce multifamily insurance rates in an effort to encourage more affordable and energy-efficient apartments nationwide.

FHA estimates that the multifamily insurance rate reductions will lead to rehabbing an additional 12,000 units of affordable housing per year. Over the next three years, that means nearly 40,000 families are estimated to be helped by more affordable housing, according to FHA.

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