Why This Matters
The FRAMER Act aims to reduce the financial burden of energy codes on housing construction, making it easier for builders to create affordable homes. By providing financial incentives, it encourages states to adopt less costly energy regulations.
If you are a homebuyer in an opportunity zone, the cost of your new home could be lower due to this bill.
Affects: This bill affects home builders and families looking to buy homes in opportunity zones.
What changes is this bill making?
1. This bill encourages states to avoid expensive energy codes for housing. 2. States must pay builders the difference in costs between state energy codes and federal standards. 3. Builders in opportunity zones must disclose these costs to homebuyers. 4. The bill will be reviewed annually to track payments and costs. 5. It will expire seven years after becoming law.
Who is affected?
This bill affects home builders and families looking to buy homes in opportunity zones.