Remove DC Remove Leases Remove Lien Remove Security
article thumbnail

PACE Programs are Stepping Up the Pace

Green Building Law Update

The Department of Energy says that there are active commercial PACE programs in at least 9 states and DC and enabling laws enacted or programs in development in another 23 states. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.

Lien 120
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. Commercial PACE programs are still very new.

Baltimore 120