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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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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

« Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. Funds subject to a lien waiver are required to be held by the owner in trust for the subcontractor.

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Waivers of liens: fraud. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Listed below are links to weblogs that reference Waivers of liens: fraud : Recent Posts.

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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

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. TVA Economic Development Loan Fund: A multimillion-dollar revolving loan program designed to stimulate investment and job creation in the TVA region.

Income 108
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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans are made by the Bank of North Dakota and are guaranteed by the Export-Import Bank of the United States utilizing their medium-term credits program.

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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans are made by the Bank of North Dakota and are guaranteed by the Export-Import Bank of the United States utilizing their medium-term credits program.