Loan Giants Threaten Energy-Efficiency Programs

Date: 07/02/2010 | Source: New York Times
Lennar PowerSmart Homes

Source: Noah Berger, NY Times

The Obama administration is devoting $150 million in stimulus money for programs that help homeowners install solar panels and other energy improvements, which they pay for over time on their property tax bills. At the same time, the two government-chartered agencies that buy and resell most home mortgages are threatening to derail the effort by warning that they might not accept loans for homes that take advantage of the special financing. The mixed messages have alarmed state officials and prompted many local governments to freeze their programs. Click here to read more about these financing programs and how these decisions could affect your commitment to building green.

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