Taking the Mold Risk Out of Building Construction: GREENGUARD Announces a New Program to Protect Lenders, Insurers and Building Developers from Mold Risk

February 07, 2006

ORLANDO, Fla., Feb. 6 /PRNewswire/ -- Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo -- GREENGUARD Environmental Institute (GEI) has announced a mold risk reduction program that for the first time certifies the design, construction and ongoing operations of newly constructed multifamily and commercial properties. GREENGUARD Mold Protection Program(TM) ensures that buildings use industries' best practices for safeguarding against the damage and resulting losses caused by mold. The program fills a void for lenders and building owners that has grown increasingly serious over the last several years. As large court judgments for mold continue to cloud the construction and financing of new buildings, more are turning to mold prevention measures as a way to manage their financial risk.

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