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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. The guidance describes it as, the property may only become subject to an enforceable claim (i.e.,

Finance 120
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Data center provider Aligned links new financing to sustainability performance

BD+C

The Dallas-based data center provider Aligned recently completed a $1 billion senior secured credit facility that it claims is one of the largest private debt raises in this sector’s history, and the first of its kind that links financing to sustainability.

Finance 52
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Review clears Teesworks of corruption allegations

Construction Law

The delayed independent review into claims surrounding finances at the Teesworks development has found no evidence of corruption or illegality. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Election 2021: $1B NE Underway Power Project Is Rejected; Texas, Va. Pass Big Funding Measures

ENR Construction

Hydropower corridor owner Avangrid files Maine court suit claiming measure to kill project violates state and federal law, while Va. elects former project finance exec governor and iron worker VP loses NJ state senate race

NJ 67
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Election 2021: $1B New England Power Project Underway Is Rejected; Texas, Va. Pass Funding Measures

ENR Construction

Hydropower corridor owner Avangrid files Maine court suit claiming measure to kill project is unconstitutional, while ex-project finance exec Glenn Youngkin is Va. governor-elect and iron workers' union VP Steve Sweeney loses NJ state senate race and its presidency

NJ 68
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Should Contractor-Financed Projects Be Competitively Bid?

Construction Dive

By Bruce Jervis Pressing needs for infrastructure and other public facilities, combined with limited funding sources, are changing the way public projects are financed. Featured in this Week’s Construction Claims Advisor:Lease-Leaseback Exempt from Competitive BiddingOwner Created Separate Prime Contract with Trade'

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Virtue signallers beware

Construction Law

The next thing you might be contacting your lawyer about could be your potentially over-inflated sustainability claims. Virtue signalling by ‘greenwashing’ could end up being more expensive than taking the measures you have wrongly claimed to. Those projects failing to meet these criteria may struggle to access financing.

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