Green Building Law Update

JULY 24, 2016

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

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Finance Lien Residential Commercial 120

Green Building Law Update

JANUARY 24, 2016

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. Commercial PACE programs are still very new.

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Lien Finance Commercial DC 120

Green Building Law Update

SEPTEMBER 11, 2016

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent to a PACE loan is required. Maryland is typical.

Baltimore 120

Baltimore Maryland Finance Residential 120

Buisness Facilities Contributed Content

APRIL 15, 2014

ALABAMA - updated for 2014. CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. A comprehensive guide to state incentives offered throughout the U.S.

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Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability. percent down to 4.9

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Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

MARCH 8, 2016

Loans are made by the Bank of North Dakota and are guaranteed by the Export-Import Bank of the United States utilizing their medium-term credits program. The Bank of North Dakota (BND) provides some of the lowest interest rates in the nation through this program. Community financial institutions may participate in the loans.

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North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

NOVEMBER 4, 2013

The company plans to open its facility in January 2014. This is especially true with the sites that are owned by local government units as they have generally completed the environmental review which then ends environmental liability for future users and property owners. Applications for that round of certification will open in Jan.

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Site Iowa Tennessee Georgia 49