The National Association of Home Builders (NAHB) and Fannie Mae, the largest U.S. financing source for home mortgages, have entered a partnership to develop and test a menu of mortgage products based on green building criteria.
Fannie Mae is providing $100 million toward the effort. The products will be tested in six cities: Atlanta, Columbus, Albuquerque, Denver, Los Angeles and Seattle.
While this partnership has the potential to boost green building, the industry will be watching to ensure that standards are set high enough to be meaningful. By virtue of the power of financing, Fannie Mae could end up establishing the “rules” for green building. NAHB has long opposed consensus-based green building standards such as ASTM and ASHRAE.
FROM Environmental Building News
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