Remove America Remove Banking Remove Finance
article thumbnail

Green Building Bonds as a Game Changing New Source of Capital

Green Building Law Update

While bond financing can have higher transaction costs than oft used mortgage backed loans, even in large dollar amounts as in this instance, it is significant that there was strong market demand for these unsecured bonds that drove the lower interest rates. In November 2013, Bank of America issued the first ever U.S.

Green 120
article thumbnail

Will the New York Green Bank Spur Increased Energy-Efficiency Investing Outside of the State?

Construction Dive

What will be the nationwide impact, if any, of the New York Green Bank, a bank that opened for business earlier this month with a partial mission of stimulating private financing of energy-efficiency projects? ” Will it? Read more.'

Banking 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PACE Bill Due in Baltimore City

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.),

Baltimore 120
article thumbnail

GRESB is Huge with $2.3 Trillion in Real Estate so Follow the Money

Green Building Law Update

As Dan Winters, Head of North America for GRESB, describes, “Companies who track the energy, water, and waste data within their asset holdings, who have engaged with rating systems like LEED over the years, and who exhibit strong internal governance practices tend to do very well on GRESB, and more easily differentiate from their peers.”.

article thumbnail

Can No Down Payment Mortgages Close the Homeownership Gap?

Pro Builder

Bank of America is offering zero down payment mortgages to first-time minority homebuyers in five U.S. This week, Bank of America announced that it will be offering zero down payment mortgages for first-time buyers in historically Black and Hispanic neighborhoods in five U.S. Financing. Fri, 09/02/2022 - 09:54.

Banking 52
article thumbnail

Adding Efficient Construction Management and LEED Certification to Lower Operating Costs

Constructonomics

“LEED is a perfect example of an energy/environmental standard that did not come from the government down, but from society up, as society has come to value more sustainable workplaces,” New York Times journalist Thomas Friedman said in his book, Hot, Flat, and Crowded: Why We Need a Green Revolution—and How it Can Renew America.

article thumbnail

Jumbo Loans Are Near 2008 Again

Pro Builder

Originations of large jumbo loans that exceed the conforming limits set for Freddie Mac and Fannie Mae could hit a level this year that hasn’t been seen since the run up to the 2008 credit collapse, according to a weekly report from Bank of America. and European bank bailouts. Financing.

Banking 52