NAHB Green Building Legislation Offers Incentives to Lenders
Jerry Howard, NAHB executive vice president and CEO testified before a
House Financial Services Committee hearing on H.R. 6078,
the Green Resources for Energy Efficient Neighborhood Act (or the
GREEN Act) of 2008.
The GREEN Act, sponsored by Rep. Ed Perlmutter, (D-CO) provides
incentives to lenders to provide lower interest loans
and other benefits to consumers who build, buy, or remodel their homes or
businesses to improve energy efficiency.
In addition the law would require Fannie Mae and Freddie Mac to
finance energy efficient and location efficient mortgages such as…
Original post by Darin