How to Create Green Rental Homes

How to create green rental homes In 2009 alone, the Federal Housing Administration paid insurance claims and then took title on 75,000 single- family houses. With these houses, the federal government could create long- term affordable rental housing in communities across our nation while minimizing losses to taxpayers. How? STEP 1 Categorize homes by geography and aggregate FORECLOSURE Rural Foreclosed homes are scattered throughout neighborhoods. Identifying concentrations of homes will protect property values in the area and appeal to investors. Exurbs Suburbs FORECLOSURE City Properties with access to jobs FORECLOSURE and good schools will likely have strong rental demand FORECLOSURE STEP 2 Rehabilitate homes Low value High value Losses for FHA STEP 3 Retrofit homes $2,700 $2,500 Break even $1,800 $900 energihnt Investment in Aggregate energy ENERGY STAR PARTNER energy efficiency cost savings STEP 4 Rent homes Low Utility Bills! Affordable Rent! E FOR RENT STEP 5 Sell occupied rentals in bulk to private investors Rehabilitating, retrofitting, and renting increases sale value and minimizes FHA losses