Green Mortgages

For two years starting in November 1996, "sustainably built" houses could be financed in part with lower interest rate loans. Houses costing NLG 400 000 (US$ 188 000) or less could qualify for a green mortgage. A buyer could receive a loan of up to NLG 75 000 (US$ 35 000) for ten years at a rate roughly 20% below the prevailing market price (at about 4% instead of 5%). The so-called green mortgage let a buyer recoup roughly 75% of the additional costs of environmental extras. A total of 5 000 mortgages were allotted for the two years, after which the programme was suspended for evaluation. After evaluation the programme was fully integrated into the Green Funds Scheme.

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