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Better loans for green
building?,
an article from
The Denver Post,
reports that people who buy
energy-efficient homes or
who upgrade existing ones
could be rewarded with
lower-interest loans under
legislation from Colorado
congressman Rep. Ed
Perlmutter. He unveiled a
bill that he hopes will
create a market for green
buildings by offering
incentives to lenders.
Perlmutter said, "The
federal government, I think,
needs to push" to ramp up
energy-efficient
construction. According to
Perlmutter, the bill would
give Fannie Mae and Freddie
Mac a way to help reach
their government mandate of
serving low- and
moderate-income buyers.
Federal rules require that
55% of the loans the
agencies handle must serve
those customers. Under his
bill, Fannie Mae and Freddie
Mac would gain as much as a
25% credit toward that
federal goal if they
repurchase mortgages on
green buildings.
http://www.denverpost.com/business/ci_9019157
Congress Hammers Out Breaks
for Homeowners,
an article from
The Wall Street Journal
Online, reports
that Congress has gone from
considering ways to collect
more taxes from homeowners
and individual real-estate
investors, to coming up
with new tax breaks for home
buyers. Congress is now
moving toward enacting new
tax credits for home buyers,
and tax breaks for millions
of homeowners who don't
currently benefit from the
ability to write off
property taxes. Linda Goold,
tax counsel for the National
Association of Realtors said
of the rush by Congress to
aid homeowners and the
real-estate industry, "The
world has changed
dramatically." In order to
claim any tax benefits in
the current proposals, you
must live in the house you
are claiming them for. None
of the provisions likely to
become law are written to
help the small-time investor
in a single-family home.
Also, the tax breaks under
discussion are temporary, so
lawmakers can advertise them
as being available "for a
limited time only."
http://online.wsj.com/article/SB120891638382936977.html?mod=RealEstateMain_1
Additional articles that you
may find of interest:
Springs runs, rides, hikes
to the summit
http://www.gazette.com/articles/springs_35556___article.html/colorado_strauss.html
Developer stakes claim
http://www.csbj.com/story.cfm?ID=19800
No help for 70% of subprime
borrowers
http://money.cnn.com/2008/04/22/real_estate/no_help_for_most_borrowers/index.htm?postversion=2008042217
Existing home sales fell 2
percent in March
http://www.msnbc.msn.com/id/24255305/
Should The FHA Own Part Of
Your Home?
http://realtytimes.com/rtpages/20080423_millerreport.htm
Realty Viewpoint: As Home
Sales Sink, Affordable
Markets Swim,Tread Water
http://realtytimes.com/rtpages/20080423_realtyviewpoint.htm |