FRAMER Act

This bill would require a state, in order to keep receiving federal community development funds, to pay builders of new homes in opportunity zones the difference between the cost of meeting the state's energy code and the cost of meeting HUD's Minimum Energy Standard. The payment would be due within 30 days after the home is inspected and certified for occupancy, with the amount set by the Secretary of Housing and Urban Development. No payment would be required if the state's code costs less than the HUD standard. Builders who receive payments would have to tell the first buyer the cost difference and how much of the payment was used to lower the home's price. The Comptroller General would report yearly to Congress on the payments, and the requirement would end 7 years after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Jeff Crank Republican sponsor
• 2 cosponsors