I’d love to hear critiques from some lenders and brokers about this program. How long until green developments partner with this or similar companies to offer more affordable green financing? What follows is a press release via EcoBroker I received
last night recently –
LARKSPUR, Calif./May 30, 2008 — Mortgagegreen, Inc. CEO, Tomek Rondio, will introduce the National Green Residential Mortgage Underwriting StandardC at the Capital Markets Partnership Organizational Meeting at JPMorgan Chase, 1 Chase Manhattan Plaza, 28th Floor, NYC, June 19, 2008, 1:30-5:00.
The amount of greenhouse gas emissions and associated global warming that is directly caused by housing is well-defined, and the numbers are staggering. Buildings are the largest single category of carbon-emission contributors.
Mortgagegreen is a green real estate finance company that has developed a one-of-a-kind program for rating and funding green-certified real estate. They are the first to introduce Sustainable Mortgage-Backed Securities (SMBS’s), bridging the gap between the capital markets and the greening of the real estate industry. During the past seven years they have completed due-diligence, tested and refined this market opportunity, authored underwriting standards and are well-positioned to move forward and expand nationwide as leaders in green real estate financing.
The long-awaited National Green Residential Mortgage Underwriting Standards will be presented by Mortgagegreen, Inc. CEO, Tomek Rondio, at the Capital Markets Partnership Organizational Meeting on June 19, 2008 in N.Y. Mr. Rondio is the Capital markets Partnership Vice Chair and author of the National Green Residential Mortgage Underwriting Standards. These standards will open doors to discounted financing for green-certified buildings, producing significant impact on greenhouse gas emissions and global sustainability.
More information here.
Note: This is a post I had written a few weeks ago and neglected to post.