HUD Climate Adaptation, Resilience Plan Calls for Incorporating Climate Risks into Underwriting

HUD released its climate adaptation and resilience plan, in conjunction with the 22 other federal agencies required to release plans under a January 27 executive order that directed agencies to assess climate risks to their operations.  

HUD’s plan calls for the agency to incorporate climate risks into underwriting standards, better incentivize green mortgage origination and strengthen disaster infrastructure and increase research into how climate change will affect HUD operations and the populations the agency serves. A new HUD Climate and Environmental Justice Council, led by a new senior advisor for climate change, will oversee the plan’s implementation.