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RMI: FHA Should Reconsider their About Face—About PACE

Source: Rocky Mountain Institute (By Jacob Corvidae and Martha Campbell) Last week, the Federal Housing Administration (FHA) announced it will stop insuring new mortgages on homes with property assessed clean energy (PACE) loans. As to what motivated its decision—according to its letter to the U.S. Department of Housing and Urban Development—the FHA is “concerned with the lack of consumer protections associated with the

PACENation Disappointed with FHA Policy Reversal By HUD

U.S. Department of Housing and Urban Development Announces The Federal Housing Administration Will Cease Insuring Mortgages On Homes With PACE Assessments PACENation is dismayed to learn that HUD has abruptly reversed FHA’s PACE policy, which was put into effect by the Obama Administration in 2016, and will no longer insure mortgages for homes with Property

Arlington First in Virginia with New Financing Tool for Sustainable Buildings

Source: Arlington County Arlington County will pioneer Virginia’s first Commercial-Property Assessed Clean Energy (C-PACE) program—a public-private partnership to provide affordable, long-term financing for projects to improve the energy or water efficiency of commercial buildings in the county. Under C-PACE, owners of existing buildings will be able to finance up to 100 percent of the cost

Senator Rubio’s former campaign manager stands up for PACE

Adam Hasner, who lead Florida’s 2010 PACE legislation as the Republican Leader of the Florida House of Representatives has written a strong and thoughtful op-ed piece in the Sun Sentinel that is a direct answer to critics of PACE. David Gabrielson, PACENation’s Executive Director, notes, “We continue to see strong Republican support for PACE, because it’s a

Public and Private Experts in Financing Clean Energy Improvements Gather in Washington, D.C. for First Ever Mid-Atlantic PACE Alliance Conference

Stakeholders from Maryland, Virginia and Washington D.C. to address ways to accelerate financing commercial energy improvements with minimal to no upfront costs Washington, D.C. (November 9, 2017) – Businesses looking for ways to make clean energy improvements can get all of their questions answered at the first conference of its kind happening November 13, 2017

PACENation Thanks Governor Brown for Signing into Law Model PACE Legislation

Consumer Protection Framework Provides Model for Other States PACENation applauded California Governor Jerry Brown for signing into law landmark legislation, AB 1284 and SB 242, that strengthens residential PACE financing through a comprehensive consumer protection and regulatory framework. The bills, which passed with overwhelming bi-partisan support, provide important new standards that will strengthen and improve

Nation’s First Rated Commercial PACE Securitization Completed by Greenworks Lending

Greenworks Lending, a national lender for commercial PACE (C-PACE) projects, announced today it has closed the nation’s first rated securitization of exclusively C-PACE assets. The $75 million issuance was arranged by Guggenheim Securities and TIAA Investments (an affiliate of Nuveen) was the lead investor. Morningstar Credit Ratings, LLC, rated the securitization. This securitization is a

New York City Announces Legislation to Launch Commercial PACE Program

New York, NY, September 14 – Today, Mayor Bill de Blasio announced City Council legislation to authorize a PACE financing program for building retrofits. A NYC PACE retrofit program can create a tremendous new market for energy efficiency and renewable energy since the City’s buildings are, on average, more than 50 years old and valued