Remove 2014 Remove Debt Remove Leases Remove Security
article thumbnail

PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Maryland is typical.

Baltimore 120
article thumbnail

PACE Programs are Stepping Up the Pace

Green Building Law Update

Maryland is more typical with a state enabling law passed in 2014, with SB 186 , and local laws on the books in Montgomery County and Anne Arundel County, with at least one lender, Greenworks Lending , on board, but no PACE loans actually made yet. There were not similar concerns expressed about commercial loans.

Lien 120
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PACE in Maryland is Not Keeping Pace

Green Building Law Update

But today, despite Maryland having enacted a PACE enabling law in 2014, only one PACE loan has closed in the State. In 2008 I said Property Assessed Clean Energy (PACE) loans “ could be bigger than anything in U.S. real estate since the invention of the glass window.”. By any measure, one is not an overwhelming success. So, what is wrong?

Maryland 136
article thumbnail

COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

The company plans to open its facility in January 2014. Applications for that round of certification will open in January 2014. Applications are due for the next round by January 17, 2014; however, interested communities must begin the formal application process by sending in their letter of intent.

Site 49
article thumbnail

Cover Story: Global Biotech Report

Buisness Facilities Contributed Content

From the May/June 2014 issue. To facilitate collaboration across the four nodes and secure patient data, Farr Institute provides the physical and electronic infrastructure. This Contributed Column is brought to you by MIDAS, Invest in Manchester. By Stefanie Ramsperber. Its total budget amounts to almost 80 billion euros.

Georgia 68
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

ALABAMA - updated for 2014. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. ALASKA – updated for 2014. A comprehensive guide to state incentives offered throughout the U.S. TAX INCENTIVES.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The increase is to occur in equal increments over a four year period, between 2014 and 2017. percent, between 2014 and 2017. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S.

Income 75