So where did all the financing go for home construction, especially alternative housing? As we all know, world financial markets have taken a beating in recent years. “Taken a beating” may be an unfair statement. Perhaps “imposed a beating upon themselves” would be a better way to say it. Personally, I feel like they have created their own fall and should be responsible for their own actions, like the rest of us, but that’s another topic for another blog.
One thing I have heard more and more often recently is that banks that used to fund straw bale construction are no longer funding. Why? Because they say such projects are “too risky.” Again, it’s not green and/or alternative projects that are risky, it was the banks’ inner workings, but I digress… This unwillingness to fund green projects has put a pinch on the green market and has made it much more difficult for owner/builders to get the financing they so need to complete their homes.
I know that some of you have been able to secure financing for your straw bale projects. I also know that those who are struggling to attain financing would LOVE some guidance from those of you who have been successful. If you have a success story, can name a bank who will make loans on bale projects, or otherwise have some great advice, please post it here. We all need your help. Thanks.