Washington, DC – December 16, 2009 – (RealEstateRama) — U.S. Representative John Boozman (R-AR) today introduced the WARMER (Warriors Adapting Residences with Mortgages for Energy Renovations) Act to ensure our veterans can finance money-saving energy efficiency improvements to their homes.
The WARMER Act makes available energy efficient mortgages for new home construction and improvements to existing homes occupied by a veteran.
“With skyrocketing energy costs, the uncertainty of having to pay a national energy tax and an increasing number of Americans looking for well-paying jobs to provide for their families, these are commonsense changes for providing veterans resources to save money on energy bills. This legislation improves and modernizes this benefit, enabling veterans to make the necessary changes to their homes to help cut costs,” Boozman said.
The legislation also modernizes the limit that veterans can guarantee by transitioning to a percentage of the home value rather than a hard cap and directs the Secretary of Veterans Affairs to establish new valuation standards for energy efficient improvements.
Boozman has been a member of the House Veterans Affairs Committee since being elected to Congress in 2001. He served as Chairman of the Economic Opportunity Subcommittee in the 109th Congress and served as the Ranking Member in the 110th Congress, a position he continues to hold.