Habitat for Humanity applauds reintroduction of Weatherization Enhancement and Local Energy Efficiency Investment and Accountability Act
This bill would reduce energy costs for lower-income families by improving energy efficiency in their homes.
This bill would reduce energy costs for lower-income families by improving energy efficiency in their homes.
Maintaining the funding of the Self-help Homeownership Opportunity Program and the Section 4 capacity building program with proven outcomes will allow Habitat to continue supporting more than 1,400 affiliates nationwide to better meet the affordable housing needs in their communities.
The Financial Regulatory Improvement Act of 2015 was introduced for floor consideration in the Senate which would preserve the ability of the more than 1,400 Habitat affiliates across the country to receive donated appraisals without violating federal appraiser independence regulations.
Recognizing that predatory loan practices both online and offline are leaving many Americans trapped in a cycle of debt, Habitat for Humanity supports and encourages U.S. senators to co-sponsor S 2760, the Stopping Abuse and Fraud in Electronic, or SAFE, Lending Act to curb predatory lending practices and promote financial stability.
The U.S. Senate Committee on Energy and Natural Resources held a hearing to address proposed energy efficiency legislation and of the bills discussed at the hearing, only a few addressed residential energy efficiency, including SB 703, the Weatherization Enhancement and Local Energy Efficiency Investment and Accountability Act.
To address the negative financial consequences of predatory loan practices, Habitat supports the creation of standards that would ensure that loans are reasonable to both lenders and borrowers.
U.S. Senator Michael Bennet agreed to co-sponsor bipartisan bill S 1344 to clarify mortgage regulations to ensure Habitat affiliates may continue to receive voluntarily donated appraisals on homes that they build without the risk of financial penalty.
Bill HR 3808 would require the U.S. Government Accountability Office to assess potential risks and benefits of the proposed Federal Housing Finance Agency rule tightening membership requirements for the Federal Home Loan Banks before moving forward with implementation.
The Senate Energy and Natural Resources Committee approved the Energy Policy Modernization Act of 2015, which contains a provision supported by Habitat that would authorize a competitive grant program for national nonprofits providing weatherization services.
An increasing number of families across the U.S. face challenges in finding decent and affordable housing and policymakers across the country are debating how best to provide housing solutions that work for families of all income levels that support the recovery and resilience of local economies.