[Greenbuilding] Financing green projects

[RONALD CASCIO]

I read where Bank of America is going to have a program of reduecd rates for 
green homes but haven't been able to find out anything about it. When I 
called there no one knew anything. Figures.

Ron



----- Original Message ----- 
From: "Jason Holstine" <jasonh at amicusdb.com>
To: <greenbuilding at listserv.repp.org>
Sent: Monday, November 19, 2007 9:57 PM
Subject: Re: [Greenbuilding] Financing green projects


> For residential, Fannie Mae still has the energy efficient mortgage, which
> calculates energy savings and adds to your reported income, thereby
> improving your application numbers. Biggest limitation: limited to 
> Fannie's
> cap on non-jumbo loans, which precludes many cities' markets. Some banks 
> are
> said to be working on new green mortgages with meat.
>
> Many local governments have or are working on incentives, including 
> property
> tax credits, accelerated depreciation, etc. The biggest advantage of some 
> of
> these schemes is that it allows property buyers to recoup the savings, 
> thus
> increasing sale value. USGBC used to have a list of incentives online,
> probably still there.
>
> Jason Holstine
> Amicus Green Building Center
> www.amicusgreen.com
>
>
> -----Original Message-----
> From: greenbuilding-bounces at listserv.repp.org
> [mailto:greenbuilding-bounces at listserv.repp.org] On Behalf Of Dan Weldon
> Sent: Monday, November 19, 2007 9:22 PM
> To: greenbuilding at listserv.repp.org
> Subject: [Greenbuilding] Financing green projects
>
>
> Is anyone, banks or otherwise, providing any significant financing benefit
> for building green?  I have heard of one bank that offers to cut the
> interest rate, but I am skeptical of discounting as you never know what 
> the
> starting point really is.  Same goes to discounted fees - in a competitive
> market, the competition sets the rates - therefore there really is no such
> thing as discounting.
>
> What would make sense is to increase a projects advance rate or perhaps
> commit to buying tax credits up front.  Does anyone know of any other
> incentives being offered?
>
> Dan Weldon - LEED AP
>
>
>
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