Please demand the rules to allow it to happen.
For thirty plus years America’s leaders have been wanting more energy efficient, more hazard resistant, more cost efficient green structures for houses, churches, schools, etc.
We have heard those leaders as well as concerned citizens make statements such as:- If we could only get a more energy efficient home, the energy savings would help pay for our house. – Greener homes will cut carbon emissions. – Safer homes will save lives and control property damage.
To those leaders and citizens we now say: We have such structures! Please implement the rules to allow them to happen.
Over the last thirty-five years Monolithic (with a lot of help) has developed a paradigm shift in the technology of building structures. Many meet all FEMA 361 regulations as tornado shelters. Some have been funded by FEMA for that very reason. All are Micro-energy users.
Monolithic Domes cut heating and cooling costs by more than 50%. This is well proven by thousands in use. They are also tornado, hurricane, earthquake, fire and termite resistant.
But suddenly after more than 2000 of these homes built to date, changes in appraisal and lending laws have virtually locked out these greenest of all homes. Now prospective owners are not able to find a single appraiser for these super energy efficient, super strong, super long life homes because of . All lenders and appraisers now say they cannot do the appraisals.
Result: No appraisal; No loan!
Ironic, is it not? Property tax collectors can appraise dome-homes for taxes, but lenders cannot! Perhaps such homes should be exempt from taxes.
You leaders need to push the buttons, pull the chains and make the rules that will allow reasonable appraisals and loans on the greenest, toughest homes that have ever been built. The construction of these green homes should be encouraged, not stopped. There will never be progress if the “green buildings” are killed by the lenders.
We invite you to look at our website: www.monolithic.com. You will see beautiful, big homes and small, simple homes. The price to the owner is roughly the same per size as that of conventional homes. Yet their energy bills are less than half. And most are built with steel studs for the inside walls, making them very close to fireproof. Their contents may burn, but they will not. With minimal maintenance, Monolithic Domes will last for centuries. The savings will pay for the home again and again. And think of the thousands of tons of carbon emissions they save.
Those of you with the say need to help our little industry by leveling the playing field. About 17 of these homes will be built this year by owners who have their own money. But more than a hundred will not be built because those owners cannot borrow the 80% they need since they cannot get a decent appraisal.
Notice the word, “decent”‚ We are not asking for the recognition of the dome’s superior qualities. All we want and need is the same per square foot value that the owners of wood houses with the same level of finish-out get.
If this world is to have better, safer, more efficient homes there needs to be innovation. You need to help. There can be no innovation if home loans are only available for the same old technology used for the last thousand years.
Since Monolithic homes are built all over America, we need appropriate appraisals and lenders so owners can secure the building loans they need. No one is looking for, “no downs" or "less than market financing.” The necessary loans are for 20% down to top notch borrowers.
Please help all of us. Send this to your banker, your legislator, any wheel that can help us get fair appraisals done for fair lending.