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

HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

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
professionals

Sign Up for our Newsletter

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

article thumbnail

Commercial Property Execs’ Mood Brightens, Yet Outlook Clouded by Economic, Fiscal Uncertainties, Interest Rate Risks

Buisness Facilities Contributed Content

debt challenges) and interest rate risks, according to The Real Estate’s Roundtable’s Q1 2013 Sentiment Survey. Whereas the “Overall Index” hit a high mark of 77 during the first half of 2011, it now stands at 69 (up from 65 in Q4 2012). credit rating.

article thumbnail

Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

Tuesday, August 23, 2011. With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. they had previously reported growth for seven consecutive months late last year and into 2011. ▼ 2011. (87). Posted by. . ► July.

article thumbnail

U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. “Real optimism has emerged as a key theme in the real estate market for 2014 as trends are progressing significantly through the economic and real estate recovery cycles,” said Mitch Roschelle, partner, U.S.

ULI 83
article thumbnail

BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

Buisness Facilities Contributed Content

Sustainable materials will be used in the National Support Center facilities, and the project is designed to incorporate energy-efficient heating and cooling systems and on-site renewable energy sources. SSA bought the Urbana site in late August 2011. Population (2011 Est.): 5,828,289. GDP (All Industry 2011): $301.1

article thumbnail

Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Sustainability. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. in 2011, according to the Associated Equipment Manufacturers, a Milwaukee-based industry trade group. Search our site: Infrastructure. Transportation. Environment.