Michael Bennet: “moving forward, we intend to work with the Senate Banking Committee and HUD to address any technical or substantive…”

“moving forward, we intend to work with the Senate Banking Committee and HUD to address any technical or substantive concerns that have arisen. Specifically, it is our intention to ensure that FHA has the ability to insure loans for energy efficient homes while also including protections to maintain accurate evaluations of a borrower's ability to repay. Additionally, as this amendment is being implemented, we understand that HUD's ability to test and modify the savings that may be counted should be considered. In fact, we considered these concerns while drafting this legislation. The methodology we included for measuring energy efficient savings is an ANSI certified standard and the most widely accepted technology in today's marketplace. Over 1 million homes have already been energy rated using this technology. And this is the same underlying technology successfully utilized by the EPA's Energy Star program. Again, we are pleased that the Senate passed our amendment, and we look forward to working with the Banking Committee and HUD on improvements. ____________________”