Here is the view of rabbis Dennis and Sandy Sasso of Indianapolis's Beth-El Zedeck Temple, the Conservative/Reconstructionist congregation of which I am a member:
Dennis & Sandy Sasso
A different view of Bible's message on homosexuality
January 20, 2004
When Britney Spears marries a young man in Las Vegas on a whim and then quickly files for an annulment, what does that tell us about the sanctity of marriage in our society? When men and women in marital relationships abuse one another, are disloyal and disrespectful, then the holiness of the marital covenant is debased. But when two people of the same or different gender commit to a loving partnership based on trust, caring and commitment then, most assuredly, God blesses that relationship, and society should do likewise.
• The Bible tells us that homosexual relations are prohibited.
Taking the Bible literally, out of its historical and social context, is dangerous. Strangely enough, many of those who claim to take the Bible at its word usually have selective hearing. The same people who listen to what Scripture says in regard to homosexual behavior turn a deaf ear to what it says, for example, regarding the violation of the Sabbath or the observance of dietary laws.
The Bible speaks of animal sacrifice, slavery and polygamy. However, a religious community in search of God begins to understand that these are not eternal divine mandates but historic human constructs. Animal sacrifice ceases; slavery and polygamy are outlawed with good "religious" reasons. The scriptural texts that speak of kindness to animals, of human freedom, of forgiveness and understanding testify against those texts that preach the opposite.
In other words, we must learn to look at the overarching divine principles of love and justice and learn to use sacred texts that teach the values of equality, human dignity and fairness to critique those texts that do not. We must understand the few negative biblical references to homosexuality in light of those verses that counter such statements by affirming that all people are created in the image of God and that celebrate human companionship.
http://www.indystar.com/articles/7/113054-6897-021.html