A bill aimed at encouraging home energy efficiency improvements by establishing underwriting guidelines for mortgage lenders that factor in cost savings for homeowners has been introduced -- again -- in the Senate. S. 1106, the Sensible Accounting to Value Energy Act of 2013, is sponsored by Sens. Michael Bennet, D-Colo., and Johnny Isakson, R-Ga. The bill -- which has the support of many real estate industry groups -- has been referred to the Senate Banking Committee, where a previous version of the bill introduced in 2011 died. According to the Appraisal Institute, the bill "would instruct federal loan agencies to assess a borrower’s expected energy costs when financing a house. The U.S. Department of Housing and Urban Development would issue updated underwriting and appraisal gu...
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