rae's blog

Financing green building

Not sure how to make my long question short...

I am in a situation where I am trying to purchase a lot that recently came up for sale in a great little area for a VERY reasonable price and specifically to have a local company build an affordable green home. As to be expected lenders nowadays are hesitant to do any sort of lending and certainly need a good chunk of money backing it and I only have a fraction of that amount or a VA backed loan for the final product. Furthermore in these tough times I would love to support a local builder I strongly believe in that deserves a fighting chance to survive through the housing crisis. They build affordable, modular, LEED certified homes typically designed for in-fill lots in the city.

If I am going to commit my life and income to a home I can only imagine doing it the right/healthy way which for me means green purposeful building. Any suggestions for lending institutions or special programs to back or assist with green building?