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.

Finance 120

Finance Lien Residential Commercial 120

Green Building Law Update

JUNE 25, 2017

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 acknowledgment of a PACE loan is required.

Maryland 136

Maryland Lien Finance Cash Flow 136

Buisness Facilities Contributed Content

APRIL 15, 2014

Effective for facilities placed into service between January 1, 2011 and December 31, 2015. Effective for facilities placed into service between January 1, 2011 and December 31, 2019. Program regulations are currently being drafted to include the expanded definition for “Advanced Manufacturers.”

Income 108

Income Finance Zoning Employment 108