Posts Tagged ‘nc custom homes’

Expanding Green Jobs And Energy Savings For Middle Class Families

Wednesday, December 2nd, 2009

Vice President Biden has just unveiled Recovery Through Retrofit, a report that builds on the foundation laid in the Recovery Act to expand green job opportunities and boost energy savings by making homes more energy efficient.

At a Middle Class Task Force meeting earlier this year, the Vice President asked the White House Council on Environmental Quality (CEQ) to develop a proposal for Federal action to lay the groundwork for a self-sustaining home energy efficiency retrofit industry. In response, CEQ facilitated a broad interagency process with the Office of the Vice President, eleven Departments and Agencies and six White House Offices to develop recommendations for how to use existing authority and funding to accomplish this goal. These recommendations are described in detail in the Recovery Through Retrofit report.

“This report builds on the foundation laid in the Recovery Act to expand green job and business opportunities for the middle class while ensuring that the energy efficiency market will thrive for years to come,” said Nancy Sutley, Chair of the White House Council on Environmental Quality. “An aggressive program to retrofit American homes and businesses will create more work, more savings and better health for middle class Americans.”

Existing techniques and technologies in energy efficiency retrofitting can reduce energy use by up to 40 percent per home and lower total associated greenhouse gas emissions by up to 160 million metric tons annually. Retrofitting existing homes also has the potential to cut home energy bills by $21 billion annually. Yet, despite the real energy cost savings and environmental benefits associated with improving home energy efficiency, a series of barriers have prevented a self-sustaining retrofit market from forming. These barriers include a lack of access to information, financing and skilled workers.

The recommendations and actions in this Report have been carefully designed to help overcome these barriers and to leverage Recovery Act funding to help ensure that the energy efficiency market will thrive long after the Recovery Act money is fully spent.

Some recommendations in the report include:

Provide American Homeowners with Straightforward and Reliable Home Energy Retrofit Information: Consumers need consistent, accessible and trusted information that provides a reliable benchmark of energy efficiency and sound estimates of the costs and benefits of home energy retrofits.

Reduce High Upfront Costs, Making Energy Retrofits More Accessible: Access to retrofit financing should be more transparent, more accessible, repayable over a longer time period and more consumer-friendly.

Establish National Workforce Certifications and Training Standards: A uniform set of national standards to qualify energy efficiency and retrofit workers and industry training providers will establish the foundation of consumer confidence that work will be completed correctly and produce the expected energy savings and benefits. Such standards should incorporate healthy and environmentally friendly housing principles, as outlined in the report titled, the Surgeon General’s Call to Action To Promote Healthy Homes (2009).

Proper certification and training standards will ensure that retrofitted homes are healthy homes. Consistent high-level national standards will spur the utilization of qualified training providers that offer career-track programs for people of all skill levels, promote and expand green jobs opportunities and facilitate the mobilization of a national home retrofit workforce.

The Department of Energy also announced $454 million under the American Recovery and Reinvestment Act for energy efficiency efforts nationwide.

The Department is now accepting applications for a new $390 million “Retrofit Ramp-Up” program that will deploy innovative approaches to energy efficiency building retrofits. These Recovery Act funds will help create new partnerships to deliver energy bill savings to entire neighborhoods and towns. Bringing energy retrofits to whole neighborhoods at a time will simplify the process for homeowners and significantly reduce costs. When applied on a national scale, the program could save billions of dollars annually in utility bills for households and businesses and create thousands of jobs across the country. In addition, the Energy Department announced $64 million in energy efficiency funding for cities, counties and Indian tribes.

“The Retrofit Ramp-Up initiative is designed to slice through the barriers identified in this report – inconvenience, lack of information and lack of financing – and to make energy efficiency easy and accessible to all,” said Secretary Chu. “We want to make our communities more energy efficient, block by block, neighborhood by neighborhood-eventually expanding to entire cities and states. We can literally bring energy efficiency to the doorsteps of the American people.”

Separately, the Department of Energy will accept state proposals to use State Energy Grant or Energy Efficiency Conservation Block Grant funds for Property Assessed Clean Energy (PACE) pilots. This is an innovative model which allows communities to provide financing to homeowners to install renewable energy systems and retrofit buildings that can be paid off over time on their property tax bills. The White House announced a “Policy Framework for PACE Financing Programs” developed through an interagency process to ensure that effective homeowner and lender safeguards are included in PACE programs.

Source: www.oikos.com

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Housing Industry Groups Agree On Need To Reform Appraisal Process

Thursday, October 22nd, 2009

September 21, 2009 – The National Association of Home Builders (NAHB) today hosted a Residential Real Estate Appraisal Summit with federal regulatory agencies and the major housing and financial institution stakeholder and appraisal organizations to discuss constructive solutions to appraisal problems.

Among the problems discussed at the summit was the use by some appraisers of foreclosed or other distressed properties as comparables without proper adjustments.

Summit participants also addressed unintended consequences from the implementation of the Home Valuation Code of Conduct (HVCC) which are impeding the ability to obtain appraisals of the quality required in today’s distressed markets.

These inappropriate practices, including reports that some appraisers are working in areas where they don’t know the market, are driving down home values and impacting home sales as inaccurate appraisals are coming in below the contract sales price. This is causing unwarranted downward pressure on home prices at a time when housing and the economy are struggling to emerge from the worst downturn in decades.

Following the meeting, the leadership of NAHB, the National Association of REALTORS® and the Mortgage Bankers

Association were united in calling for immediate action to address their appraisal-related concerns, including clarifications with regard to the HVCC and the establishment of “best practices” for the appraisal process. The groups also urged the regulators to adopt and enforce clear, concise regulatory guidance on the use of distressed and/or foreclosed properties that will allow appraisers to develop realistic valuations based on sales that are truly comparable.

“Appraisers generally are only required to inspect the exterior of a property that is being used as a comparable because they are normally unable to enter these homes and examine their interiors,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “But all too often, properties that have been subject to foreclosure or distress sales have issues related to deferred maintenance or internal damage that an external inspection simply cannot detect.  You can’t compare these properties to new homes that are in market-ready condition. NAHB believes that it’s time for appraisers to have regulatory guidelines that acknowledge such realities.”

“NAR supports the independence of appraisers and the integrity of the appraisal process,” said NAR President Charles McMillan. “An accurate appraisal is an important part of any real estate transaction, and reforming the appraisal process is critical to the nation’s housing recovery.

Quality appraisals are threatened by unintended HVCC consequences and an inconsistency among the various federal regulators.  As the leading advocate for housing issues, NAR calls on the federal government to establish consistent appraisal rules for FHA and the GSEs.

“Ensuring that appraisals are fair and accurate is the lynchpin of our secured lending system,” said Robert E. Story, Jr., CMB, Incoming Chairman of the Mortgage Bankers Association.  “As a lender, it is crucial that I can count on the fact that an appraisal is correct and that the appraiser has not been subject to pressure from any interested party to the transaction.  We want to work with appraisers and regulators to ensure that every appraisal results in an honest, truthful evaluation of a property’s value.”

Source: http://www.nahb.org

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