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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?

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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.

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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. To receive an abatement for property taxes, a project must meet certain qualifications and follow certain procedures, as determined by law and regulation.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. If all the approvals are obtained, the overall casino project could be constructed in 2013 or 2014. Last year, CA Gov. Barstow Community Hospital Project.

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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. percent down to 4.9 The program ends December 2016.

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