Julian Castro, the Secretary for the Department of Housing and Urban Development (HUD), announced a measure last week to support green and affordable housing. Federal Housing Administration annual insurance rates for energy efficient green housing will be given a 20-45 point reduction. Also announced were insurance rate reductions for affordable housing units. HUD cited numerous studies showing decline in home ownership and income, and an increase in the home rental market. This is another important victory in promoting energy efficient building design!
