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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. Reduce cost of a PACE loan by eliminating the requirement that a PACE lien notice be recorded among the land records. In 2008 I said Property Assessed Clean Energy (PACE) loans “ could be bigger than anything in U.S.

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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.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

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. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.

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State by State Incentives Guide

Buisness Facilities Contributed Content

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. ALASKA – updated for 2014. A comprehensive guide to state incentives offered throughout the U.S. Pollution control equipment.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The increase is to occur in equal increments over a four year period, between 2014 and 2017. percent, between 2014 and 2017. Additional improvements to the program include expanded company eligibility and beginning in 2014 elimination of capital gains tax on income derived from investments in companies certified by the ACA.

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