Friday, March 16, 2007
Take It to The Bank
BofA Gets Behind Green Homes
It just got easier to buy a green house. Bank of America, the nation’s largest retail bank, has announced a $20 billion, yes, billion, initiative to help combat global warming through reduced energy use and sustainable construction.
The big news for homeowners is that the bank will offer reduced mortgage rates or $1,000 back on energy-efficient homes.
Other consumer and residential initiatives include donating $50 million from the Bank of America Charitable Foundation to develop green affordable housing, and an Environmental Home Equity Program under which the bank will make an annual donation to a non-profit organization that focuses on environmental conservation.
Overall, the 10-year initiative encourages development of environmentally sustainable business practices through lending, investing, philanthropy and the creation of new products and services.
Posted by admin at 11:40 AM under green • uncategorized
