Tag: FHFA


Residential PACE, an innovative clean energy financing program, is making a comeback in California. With the establishment of a state loss reserve program designed to address FHFA’s concerns, this week CaliforniaFIRST launched a massive residential PACE program for 17 counties and Read more…


Earlier this year, the state of California announced a $10 million loan-loss reserve to solve the Federal Housing Finance Agency’s severe restrictions on using property-tax based financing for energy efficiency and renewable energy on residential property. It’s a great concept, but Read more…


Although the Federal Housing Finance Agency (FHFA) has created strict requirements for residential property-assessed clean energy (PACE) programs, a few states and cities are continuing to develop programs and pass legislation. PACE programs make it possible for homeowners to


It seems that soap operas did not, in fact, go away after the 80s. Because the ongoing saga of efforts to establish Property Assessed Clean Energy (PACE) financing programs play like an energy wonk’s version of ‘As the World Turns’. Read more…


Some bad news for PACE financing. As you may remember, after FHFA took action to stop residential PACE programs, a number of entities sued FHFA, claiming their action was not lawfully done. In a previous decision, the District Court for Read more…


PACE programs have been waiting for the FHFA to finalize their court-ordered rulemaking on residential PACE efforts (background here). Today, the court approved FHFA’s request for an extension of the deadline for issuance of the final rule to September 16, Read more…


A couple of PACE-related updates: FHFA rulemaking comments filed, and CaliforniaFIRST launches First, for the wonks, we prepared a response to the FHFA rulemaking, and co-filed with 62 other major organizations. You can find all the responses here, and our Read more…


Property Assessed Clean Energy (PACE) is a property assessment used to finance the upfront costs of energy efficiency upgrades.  A local government provides funding, and the assessment is paid back as a line item on a property’s tax bill. PACE Read more…


As a result of a lawsuit, a federal judge has required FHFA to conduct a public rulemaking on their actions to derail PACE energy efficiency and renewable energy retrofit programs. This is a great chance to 1) make the case Read more…


Property Assessed Clean Energy (PACE) programs allow local governments to loan money to homeowners to do energy efficiency projects.  The PACE loans are generally repaid as a property tax line item.  PACE programs were initially very popular, and more than 25 Read more…


In the case of the federal government overreach on property assessed clean energy (PACE) financing — this overreach — Fannie, Freddie, and the FHFA (Federal Housing Finance Agency) took issue with the fact that the PACE lien on the property Read more…

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