The National Association of Home Builders reports that green building incentives can provide some relief from the housing affordability struggle, a critical issue nationwide. One piece of the affordability issue in the U.S. is the regulatory burden on builders, currently estimated at 25% for each single-family home built and 30% for every multifamily unit.
Although there is no single solution to the affordability challenge, incentives can provide some relief, NAHB says. In some areas, energy efficiency and/or green home certification has helped builders qualify for several types of incentives.
State and local jurisdictions and even a few public utilities provide advantages to builders throughout the design, construction and ultimate sale of a property. Many have been successful in incentivizing green home certification with rebates, tax credits, density bonuses and other tangible benefits.
Read more at NAHB’s NAHBNow blog.