Category — About Eco Conscious Coaching

This post has been provided by my good friend Debbie Zachry

20 June 2009 

Plan Designed by Leading Architect to Revive Staggering Economy-
As the market recession rolls on, the housing industry is one of the many trades at a standstill. Founded by distinguished architect Edward Mazria, Architecture 2030 is a “One Year 4.5 Million Jobs Investment Plan” to help America invest in green homes building and revamp present homes to make them more energy efficient.

A place to start

Mazria claims that the private building division is the biggest solution toward enlivening the United States economy and creating green jobs, as the industry accounts for about 10 percent of the U.S. gross domestic product. Construction produces demand in every division of the economy such as wholesale, retail, distribution, manufacturing, constructing, banking, development and professional services; utilizing expensive products such as rubber, steel, glass, insulation, lumber, electrical appliances, heating/cooling appliances, fabrics, paint, windows, tile and metal.
Apart from tax credit incentives applied to first time home purchasers, the $787 billion stimulus funds didn’t do much to support the housing market; causing many American residential home builders to feel the impact of layoffs. The Architecture 2030 Plan entails energy efficiency incentive grant offerings to “buy down the interest rate” on home mortgages used to buy new energy efficient homes or to remodel exisiting homes, proposing a 1 percent full interest rate buydown for a new home that uses 50 percent less energy than present energy standards, or a home energy modification that would lower energy consumption of an already existing residence to 30 percent below current requirements.

For example, if your mortgage interest rate quote is 4.75 percent, the plan would offer an interest buydown which would lower the interest rate a full percentage point, to 3.75 percent. The Architecture 2030 Plan is one of intelligence and fervor which may possibly guide the way out of America’s lingering recession; we can only wait to see how the Obama Administration and Congress respond to this powerful proposal.