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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.

Finance 120
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PACE Bill Due in Baltimore City

Green Building Law Update

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that 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 to a PACE loan is required. Maryland is typical.

Baltimore 120
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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.

Lien 120
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How to Get Paid on Oregon Public Projects

Levelset

A large amount of that construction funding is going to be headed directly to individual states, and there are plenty of opportunities for contractors across Oregon to benefit — especially as the state continues to work towards higher levels of sustainability in its new projects.

Oregon 52
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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. To grow your painting business sustainably, it’s not enough to be a Master Painter, you need to be a master of your cash flow. Get the proper license and insurance according to your state’s requirements.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. To grow your plumbing business sustainably, it’s not enough to be a Master Plumber, you need to be a master of your cash flow. Get the proper license and insurance according to your state’s requirements.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. To grow your electrical business sustainably, it’s not enough to be a Master Electrician. Get the proper license and insurance according to your state’s requirements. You need to be a master of your cash flow.