Lowell forwarded this article to me from NYT this week.
Yes, we have this in Virginia. My SB 110 bill in 2010 set up a process for localities to collect property taxes and apply them to outstanding loans for home improvements. The loans could then be “bundled” and sold in order to raise investment capital.
The bill was strongly endorsed by the HVAC industry, which gets an immediate benefit from any improvement project (inevitably there are upgrades to HVAC facilities).
That’s jobs, my friend.
In the next few months, we’ll need to get VA localities involved to bid on this investment capital and process the home loans.