Last week the House approved H.R. 5771, the Tax Increase Prevention Act which will extend numerous tax bills that expired during 2014. Many of these affected the housing industry.
A Forbes magazine contributor, Jennifer Kho, has written a thought-provoking article on the value to banks who underwrite energy-efficient mortgages (EEMs) which include the cost of upgrades. Read the article and add your comments below. From Jennifer Kho, Forbes contributor: Energy-efficiency improvements, such as installing new boilers or roof insulation, can save building owners big … Continue reading How Banks Can Make Money On Energy Efficient Mortgages
An Energy Efficiency upgrades initiative was designed in 2010 with the program stalling in July, 2010 when FHFA (Federal Housing Finance Agency) brought up concerns about the seniority of loans in case of a borrower's default.