Senator Todd Young, US Senator for Indiana | Official U.S. Senate headshot
Senator Todd Young, US Senator for Indiana | Official U.S. Senate headshot
U.S. Senators Todd Young (R-Ind.) and Mike Braun (R-Ind.) recently introduced the HOUSE Act, a bill aimed at repealing a Biden Administration mandate related to energy standards that they argue will significantly increase the cost of certain new homes.
“Hoosiers of all income levels are experiencing difficulty finding affordable housing. Our bill will repeal a new mandate from the Biden Administration that will unnecessarily drive up housing costs even further,” said Senator Young.
“Buying a home is more expensive than ever for Americans. We shouldn’t be making them even more expensive with government mandates that could add as much as $31,000 to the price of a new home. My bill will repeal this new Biden administration mandate so we can lower the cost of housing for American families,” added Senator Braun.
Earlier this year, the Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) announced a Final Determination on energy efficiency standards for new construction financed through these agencies. The mandate requires all new single-family housing construction to meet the 2021 International Energy Conservation Code standards.
According to the National Association of Homebuilders, these new minimum standards can add up to $31,000 to the price of a new home and it may take 90 years for homeowners to realize energy savings from these regulations. Estimates indicate that for every $1,000 increase in home prices, 140,000 Americans are priced out of the housing market.
In addition to Senators Young and Braun, Senators Marsha Blackburn (R-Tenn.), John Barrasso (R-Wyo.), Cynthia Lummis (R-Wyo.), Shelley Moore Capito (R-W.Va), Roger Marshall (R-Kan.), Pete Ricketts (R-Neb.), and Eric Schmitt (R-Mo.) have also cosponsored the legislation.
The full text of the HOUSE Act can be found here.
For years, Senator Young has focused on housing affordability issues in Congress. In 2023, he introduced three bills addressing the national shortage of affordable housing.
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