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The Attainable & Sustainable Housing Model (ASH) Slide 2 Californias new energy code applies to substantial rehabilitation and new construction. This will insure that all substantial rehabilitation and newly constructed homes are energy efficient. However, there are more non-energy efficient existing homes that are not subject to the new code. This may seem like a huge problem, but in reality it is a huge opportunity! The FHA 203K loan was designed to remedy this problem. The Attainable & Sustainable Housing Model (ASH), was created to Combine the FHA 203K loan, the Energy Efficient Mortgage (EEM) & Energy Upgrade California (EUC) to provide a highly leveraged, energy enhanced housing acquisition /rehabilitation loan program. Heres how it works. ASH Slide 3 ASH Housing Model The ASH housing model illustrates the effects of energy efficient and sustainable home improvements on the affordability of housing. This model incorporates the FHA 203K Housing Rehabilitation Program, (203K), Energy Efficient Mortgage (EEM) and Energy Upgrade California (EUC). The net effect is a whole house approach to housing rehabilitation using credible building sciences, HUD/ FHA 203K, energy rebates financing/tax credits, and certified methods of insuring optimal residential building energy performance. HUD/FHA 203K Housing Rehabilitation Program Energy Efficient Mortgage (EEM) Program Energy Upgrade California Program Slide 4 FHA 203K Consultant; BPI Analyst HERS II Rater EEM Facilitator Architect Home Inspector Termite Inspector General Contractor Slide 5 HUDs Primary Housing Rehabilitation Program Slide 6 97% LTV Purchase & rehabilitation cost included in one loan; After improved value up to 110% LTV EEM eligible up to $8,000, in energy improvements; Up to 6 months to complete construction; Major rehabilitation allowed. The Section 203(k) program is HUDs primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. Slide 7 Luxury Improvements?, NOT! Slide 8 After Before Slide 9 After Slide 10 Siding Room additions Foundations Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 Slide 18 Slide 19 Slide 20 Slide 21 Slide 22 Slide 23 Slide 24