News: Congress investigates green home loans
June 13, 2008
This week U.S Rep Ed Perlmutter (D-CO), presented Bill HR 6078: G.R.E.E.N Act 2008 (Green Resources for Energy Efficient Neighborhoods) to the House Financal Services Committee - of which he is a member. He also is chair of the bipartisan Financial Services Energy Efficiency Task Force whose goal is to determine ways to improve energy efficiency within the financial services industry and housing sector while creating healthier communities.
HR 6078 was submitted on May 15th. Among many other things, the GREEN ACT 2008 provides incentives to lenders and financial institutions to provide lower interest loans and other benefits to consumers, who build, buy or remodel their homes and businesses to improve their energy efficiency. For consumer this includes Energy Efficient Mortgage (EEM) products.
If you want to watch Perlmutter in action around the G.R.E.E.N Act watch this video from late April 2008. Stay tuned to GetWithGreen.com, and we will keep you posted as this story unfolds.
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This bill is one of 1000 that come up when one does a search in the LofC’s Thomas data base with the single search term “energy”. My question is ” Who is overseeing all these bills so that we get a comprehensive, coordinated solution the housing, energy, climate and national security situation we face?”