The new program uses a point system to qualify veterans for a lower interest rate for home construction and home improvement loans. A veteran can earn up to a one percentage point discount from regular rates by incorporating Greenbuilding features into their home. Over the life of a thirty year loan, it can represent a savings of over ten thousand dollars. VLB's Ellis explained that interest savings aren't the only benefit.
Veterans can earn points by choosing from a broad menu of options.
For example, a xeriscape plan for the yard, which saves energy and water, is worth 7 points. A passive solar system counts 16 points. It permits the best choices by the home owner for Texas' vast geography, climate, materials, and weather. The new VLB program demonstrates that with creativity and leadership, environmental and economic issues are mutually supportive. Garry Mauro and the Texas Veterans Land Board have set a new standard in repaying veterans for all they have given Texas and the nation.