Center Tackles Energy-Efficient Mortgages

The Berkeley Center for Law and Business (BCLB) will play a key role in a government-funded project aimed at incorporating energy efficiency into commercial mortgage underwriting. BCLB Faculty Co-Director Nancy Wallace and advisory board member Dwight Jaffee, with colleagues at the Haas School of Business, Lawrence Berkeley National Laboratory, and Department of Civil Engineering, have received a $760,000 U.S. Department of Energy grant to develop a protocol and prototype tool that explicitly factors energy efficiency metrics into valuation and underwriting. BCLB’s contributions will include identifying commercial lease terms and lien enforcement rules and procedures that may impact that process.