Energy costs are a significant cost of homeownership. It only stands to reason that a more energy efficient home, which offers its owners a more favorable cash flow, would hold more value than an inefficient home. In fact, experts believe that building a home that’s 30% more efficient can put over $20,000 in the wallets of the homeowner over the 30-year life of a typical mortgage!
A bipartisan duo of US Senators want to improve the accuracy of America’s appraisal and mortgage underwriting. Senators Michael Bennet (D-Co.) and Johnny Isakson (R-Ga.) introduced The Sensible Accounting to Value Energy (SAVE) Act (S. 1737) on October 19, 2011. Developed over the course of many months and garnering strong support from appraisers, builders, manufacturers, environmental groups and many others, the legislation aims to improve the accuracy of mortgage underwriting used by federal mortgage agencies by ensuring that energy costs are included in the underwriting process.
On Wednesday, March 14th at 1:00pm ET, the Green Builder® Coalition and Green Builder® Media will present an informational and thorough look at the SAVE Act. Moderated by Green Builder® Coalition Chairman Ron Jones, he’ll be joined by Ken Gear (Leading Builders of America) and Philip Henderson (National Resources Defense Council) to examine all aspects of the SAVE Act. Together, they’ll explore what the bill contains, how it proposes to modify home appraisals and how it might benefit the owners and occupants of energy efficient homes.
To register for this educational webinar, please click here.
Sponsored by: Leading Builders of America, National Resource Defense Council, Council of NAIMA, Institute for Market Transformation and EcoBroker