Energy and Affordability in Housing Finance

Written by Rocky Mountain Institute

Utility costs place a significant financial burden on the 35 million very low- to moderate-income (LMI) single-family households in the United States. On average, low-income households spend three times as much to heat and cool their homes as the average family—from 20 percent to 50 percent of their monthly earnings in some parts of the country. These costs create real hardships, making living costs untenable and families more vulnerable. If left unaddressed, this affordability crisis will also present a growing risk to lenders. But Fannie Mae and Freddie Mac, which together account for over 70 percent of the $6.4 trillion

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By Rocky Mountain Institute

Rocky Mountain Institute (RMI) transforms global energy use to create a clean, prosperous, and secure low-carbon future. We are an independent, nonpartisan nonprofit cofounded in 1982 by Amory Lovins, RMI’s chairman emeritus and chief scientist. RMI now has approximately 170 full-time staff, annual operations of $35 million, and a global reach and reputation. In 2014, Carbon War Room merged with and now operates as part of RMI.

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