(RECAP: The Senate passed an amendment yesterday that would allow lenders to account for a home’s energy efficiency and expected monthly utility bill savings when determining borrowers’ eligibility for FHA insured single-family loans. The amendment, sponsored by Senators Isakson (R-GA) and Bennet (D-CO), would require FHA to create new guidelines that enable lenders issuing FHA-insured loans to take into account expected energy savings from monthly utility bills when calculating borrowers’ debt-to-income and loan-to-value ratios. The bill also directs FHA to establish an advisory group consisting of representatives from the housing and energy efficiency sectors to help it develop and administer the new energy efficiency guidelines.)
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