Southern California Green Real Estate Blog

GUEST POST - VA LOAN OPPORTUNITIES

GUEST POST - VA LOAN OPPORTUNITIES

by Jay Buerck

Veterans and their families in Southern California can take advantage of one of the country’s most affordable and flexible home loan programs. The Veterans Administration’s home loan program was created specifically for the needs of those who have served our country.

VA loans offer veterans an almost unmatched degree of flexibility. The VA guarantees loans from commercial institutions. That security gives lenders the ability to offer competitive rates and favorable loan terms for qualified borrowers.

VA loans come with myriad financial benefits. Borrowers can purchase a home without spending a penny on a down payment or monthly private mortgage insurance. The VA has loan limits that vary from state to state. Some borrowers can qualify for 100 percent financing. Currently, VA loan limits for San Diego County is $593,750. In Orange County, the loan limit is $737,500. USe a VA Loan Calculator to determine the loan limit for your home purchase.

The VA has multiple loan options. Veterans must first obtain a Certificate of Eligibility (COE) before moving forward with the application process. The COE ensures that a prospective borrower meets the program’s initial requirements.

Any military member who has served 181 days on active duty during peace time or 90 days during war time may be eligible, along with those who have served at least six years in the Reserves or National Guard. Spouses of service members killed in the line of duty may also be eligible.

Not everyone who meets the basic criteria will qualify for a loan. But veterans with poor credit can still qualify for a VA loan. So can those who have filed for bankruptcy or faced foreclosure.

Southern California veterans who currently have a conventional home loan can also benefit from a VA loan. Qualified borrowers can now refinance up to 100 percent of their home’s appraised value through a VA loan.

SCHWARZENEGGER HAS A GREEN LEGACY, BUT OUR ECONOMY STILL SUCKS

SCHWARZENEGGER HAS A GREEN LEGACY, BUT OUR ECONOMY STILL SUCKS

By Jodi Summers

Arnold Schwarzenegger is now an international superstar in more than one arena. First it was movies, now it’s global warming. During his terms as governor, California’s bold energy programs are influencing national and international policies.

Three years after California adopted AB 32 - California’s landmark 2006 global warming initiative,

1- The Obama Administration announced that the U.S. Environmental Protection Agency will adopt a vehicle emissions standard modeled after California’s first-in-the-nation standard

2- The International Code Council announced the state’s newly adopted Green Building Standards Code will serve as a foundation for commercial buildings worldwide.

3- California participated in the launch of China’s first GHG emissions registry.

Being a leader in clean energy standards has made California a leader in clean energy investment and green jobs. In the last three years, more than $6 billion in venture capital has been pumped into California’s economy, making us the national leader in the number of clean businesses. Green jobs have also skyrocketed, growing 10 times faster in California than in other areas. This growth is expected to continue. According to a recent study, California is on track to more than double its power generated by solar panel installations in 2009.

Sounds brilliant, yet our economy is currently down the tubes. Only our future is filled with green.

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http://gov.ca.gov/issue/energy-environment/

http://www.sgvtribune.com/news/ci_13345618?source=rss

http://www.latimes.com/business/la-fi-power16-2009sep16,0,3412344.story

http://www.pollsb.com/photos/o/38053-relase_greenhouse_gasses_atmosphere_believed_cause_global_climate_changes_following_causes_increase_greenhouse_gas_emissions.jpg

http://tvtropes.org/pmwiki/pmwiki.php/Main/ArnoldSchwarzenegger

http://en.cop15.dk/files/images/1col_492px/chinaenergy_19980822-134048-7_web.jpg

CURBING GREENHOUSE GAS EMISSIONS - THE GOVERNATOR’S LEGACY

CURBING GREENHOUSE GAS EMISSIONS - THE GOVERNATOR’S LEGACY

By Jodi Summers

Governor Arnold Schwarzenegger will eventually leave office, but his impact may be felt for generations to come. AB 32 and Order S-21-09 – California admirably and aggressive energy initiatives pushed forward by our governor, may actually make the world a cleaner, better place.

“Global warming is a global problem that requires a global solution and I am committed to working toward that solution so our children and grandchildren are left with a clean environment and a strong economy,” observes Governor Arnold Schwarzenegger. “Our policies have influenced the world.”

Thought you’d all appreciate a little primer on AB 32 and Order S-21-09 – California’s bold green energy strategies.

The regulations authorized under AB 32, California’s landmark 2006 global warming initiative gave us the world’s first comprehensive law to reduce greenhouse gas (GHG) emissions. Current law requires investor-owned utilities such as Edison to produce 20% of their power from wind, solar and geothermal energy by 2010 (a target they are expected to miss.)

AB 32 mandates a reduction of California’s GHG emissions to 1990 levels by 2020 and calls for an 80 percent reduction from 1990 levels by 2050. The state has approved an AB 32 Scoping Plan as a blueprint for reducing GHG emissions, adopted measures from the Low Carbon Fuel Standard to the Pavley Vehicle Standards to address 40 percent of its overall goals and is working on more than 20 additional measures such as a cap-and-trade system to fully meet AB 32 mandates.

Recently, the Governator signed Executive Order S-21-09, directing the California Air Resources Board to adopt regulations increasing California’s Renewable Portfolio Standard to 33 percent by 2020 - putting California on track to becoming the largest clean energy producer in the nation.

“Every year it becomes more apparent that no single issue threatens the health and prosperity of our world, or provides a greater opportunity for economic success than climate change,” concludes the governor. “That is why California has stepped up to take the lead. Three years ago I signed the world’s most comprehensive global warming law and since then our emissions have been reduced, our green economy has grown and our policies have influenced the world.”

Once his term as governor is finished, Arnold Schwarzenegger may find himself joining former Vice President Al Gore in the crusade for a cleaner planet.

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http://gov.ca.gov/issue/energy-environment/

http://www.sgvtribune.com/news/ci_13345618?source=rss

http://www.latimes.com/business/la-fi-power16-2009sep16,0,3412344.story

http://www.environmentamerica.org/uploads/ig/hp/ighpWSCwRpKVJbuUaA7LCA/DSC_0263.jpg

http://image.guardian.co.uk/sys-images/Guardian/Pix/martin_rowson/2006/09/01/rowsonatlas512.jpg

http://www.pollsb.com/photos/o/38053-release_greenhouse_gasses_atmosphere_believed_cause_global_climate_changes_following_causes_increase_greenhouse_gas_emissions.jpg

http://tvtropes.org/pmwiki/pmwiki.php/Main/ArnoldSchwarzenegger

http://images.businessweek.com/ss/06/04/sb_presentations/source/7.htm

WHAT DOES THE GOVERNOR’S WIFE THINK? SACRAMENTO IS DIVIDED ON HOW TO MOVE FORWARD ON NEW GREEN ENERGY INITIATIVES

WHAT DOES THE GOVERNOR’S WIFE THINK? SACRAMENTO IS DIVIDED ON HOW TO MOVE FORWARD ON NEW GREEN ENERGY INITIATIVES

By Jodi Summers

The Governor and the Sacramento Democrats are divided in how to move forward and meet the state’s newly targeted energy goals. The Democratics wants the green power and the green jobs to come from within the state. The Governator just wants it done. As state 1st Lady Maria Shriver is a Democrat by birth married to a Republican, and a savvy politica in her own right – balance may lie with her opinion on the issue…would California’s First Lady offer her opinion please.

The recent update to AB 32, California’s landmark 2006 global warming initiative, says California electric utilities must get 33% of their power from renewable sources by 2020.

“With this action, we will ensure that California remains the pioneer in clean energy and clean jobs,” the Governor proudly declared.

The governor’s Executive Order S-21-09 came three days after Democratic lawmakers passed legislation Senate Bill 14 and Assembly Bill 64mandating the same goal, but in a way Schwarzenegger’s office said was too restrictive. The governor said he will veto the Democratic bills because they would limit how much wind, solar and geothermal energy utilities could import from other states.

The two sides did not disagree about the need or the practicality of setting an ambitious 33% renewable energy target. The conflict is over how California should reach the goal and the cost of making it happen.

The Democratic bills were backed by some but not all of the state’s utilities. The Los Angeles Department of Water and Power, Pacific Gas & Electric Co. and Sempra Energy supported the bills, while Southern California Edison Co. and the Sacramento Municipal Utility District asked the governor for vetoes. The bills also drew support from labor unions and consumer advocates and opposition from manufacturers and independent energy-generating companies.

A recent study by the California Public Utilities Commission observed that said 11 new transmission lines and additional infrastructure would be needed to meet the 33 percent goal. Transmission lines typically cross several communities a well as federal land, so the permitting and siting process is very involved, bureaucratic - and time consuming. SC+E noted that each line can take about 10 years to build, and the total cost to electricity customers would be $115 billion.

Critics of the governor’s mandate argue that California will end up subsidizing green jobs in other states and Canada.

Our first lady, Maria Shriver Schwarzenegger, a former newscaster, had Democratic roots that run deep. Maria is a member of Kennedy family through her mother, Eunice Kennedy Shriver, the sister of President John Kennedy and Senator Ted Kennedy. Her father, Sargent Shriver, is a former ambassador and a former Democratic candidate for the U.S. Vice-Presidency. Married to a Republican governor, the two must find political peace at the dinner table. California is interested in her opinion on how the state should achieve the bold green energy stance of Executive Order S-21-09.

http://gov.ca.gov/issue/energy-environment/

http://www.sgvtribune.com/news/ci_13345618?source=rss

http://www.latimes.com/business/la-fi-power16-2009sep16,0,3412344.story

http://www.historyguy.com/biofiles/shriver_maria.html

http://movies.yahoo.com/movie/contributor/1800320712/photo/573730

http://theenvelope.latimes.com/galleries/photo/globescl-arrivals29_iafwqnkf,0,5199746,email.photo

http://www.environmentamerica.org/uploads/ig/hp/ighpWSCwRpKVJbuUaA7LCA/DSC_0263.jpg

CALGREEN BUILDING CODE TRANSITIONS INTO EFFECT

CALGREEN BUILDING CODE TRANSITIONS INTO EFFECT

By Jodi Summers

We always find these to be statistics to think about - buildings account for 39 percent of the energy used in the United States, 71 percent of electricity use, and 39 percent of C02 emission.

Our new CALGREEN Code state building code – which went into effect August 1^st - aims to improve the odds. Adherence to the code is voluntary until 2010, then the provisions are expected to become mandatory.

“It is imperative to expedite the greening of California’s building standards,” Governor Schwarzenegger stated. “As such, I am directing the California Building Standards Commission to work with specified state agencies on the adoption of green building standards for residential, commercial, and public building construction for the 2010 code adoption process.”

State officials say that if all of the green-building measures were enacted, buildings would at least be comparable to the requirements of a silver rating under the LEED standards set by the USGBC.

A recent report by McKinsey & Company notes that the U.S. economy has the potential to reduce annual non-transportation energy consumption by roughly 23 percent by 2020, eliminating more than $1.2 trillion in waste.

By establishing the CALGREEN Code, the California Building Standards Commission

is setting minimum green-building standards that may, at the discretion of any local government entity, be applied. Local governments such as West Hollywood, Santa Monica and Los Angeles have already set up codes that exceed the CBSC standards.

The purpose of the code is to improve public health, safety and general welfare by enhancing the design and construction of buildings through the use of building concepts that have a positive environmental impact, and by encouraging sustainable construction practices in the following categories:

• Planning and design

• Energy efficiency

• Water efficiency and conservation

• Material conservation and resource efficiency

• Environmental air quality

The Governor notes that the CBSC and the other agencies are further developing the framework to include mandatory measures in the 2010 CALGREEN Code. Stakeholder workshops begin March 26, with technical review and public comment scheduled for later in the year. The 2010 version is planned to become effective on January 1, 2011.

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http://www.newsreview.com/chico/content?oid=1052010

http://www.mckinsey.com/clientservice/electricpowernaturalgas/US_energy_efficiency/

http://www.documents.dgs.ca.gov/green/meetings/brochure090508.pdf

http://www.buildersbook.com/Merchant2/merchant.mvc?Screen=PROD&Product_Code=BBI2411A08&Category_Code=97b

http://images.businessweek.com/ss/06/04/sb_presentations/source/7.htm