Green Building Law Update

JUNE 25, 2017

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

Maryland Lien Finance Cash Flow 136

Green Building Law Update

JULY 24, 2016

Under this July 19, 2014 guidance in the event of a default on a residential property PACE loan, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens.

Finance 120

Finance Lien Residential Commercial 120

Green Building Law Update

JANUARY 24, 2016

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. Commercial PACE programs are still very new.

Lien 120

Lien Finance Commercial DC 120

Buisness Facilities Contributed Content

APRIL 15, 2014

ALABAMA - updated for 2014. To receive an abatement for property taxes, a project must meet certain qualifications and follow certain procedures, as determined by law and regulation. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability. percent down to 4.9

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

FEBRUARY 28, 2013

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.

California 47

California Sacramento Zoning Los Angeles 47