A study released by University of North Carolina at Chapel Hill Center for Community Capital College of Arts & Sciences and the Institute for Market Transformation (IMT) shows that the risk of mortgage default is one-third lower for energy-efficient, Energy Star-rated homes. This is great news for Fahe and its Members because this information reinforces our stance on the benefits of energy efficient homes for low-income homeowners.
There are two main points that should be taken away from this study:
This ties in well with the energy summit Fahe hosted last year that focused on increasing awareness of energy efficient benefits with the appraisal and lending community.
This article on the IMT website goes more in depth on the study and provides links to the report.
For Fahe’s own findings on energy efficient construction and affordability, you can read our PDF report entitled A Bright Path Forward.