Green building rules for affordable housing just got looser
What happened
The US Housing Department is proposing to loosen some rules for affordable housing projects. This means developers might not have to meet certain green building standards to get higher subsidies.
Why it matters
The government often uses subsidies to encourage specific behaviors, like building energy-efficient homes. This change removes a financial incentive for developers to include green features in affordable housing projects. It could make it easier to build more housing units, but those units might be less energy-efficient.
The signal
Watch whether developers start building fewer green housing projects, or if the number of new affordable housing units increases in areas where these rules apply.