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
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,
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
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
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
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
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
Source: City of St. Louis Started in the summer of 2013, Set the PACE St. Louis is a part of the City’s award-winning sustainability plan. This week, the City of St. Louis closed one of the largest Property Assessed Clean Energy (PACE) projects nationwide with
The California Legislature has passed two bills that will work in tandem to provide strong consumer protections and a regulatory framework for the state’s residential PACE programs. AB 1284, sponsored by Assembly Member Matt Dababneh, and SB 242, sponsored by Senator Nancy Skinner both passed
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