PACE in Maryland is Not Keeping Pace
Green Building Law Update
JUNE 25, 2017
Draft new and improved attorney prepared loan documents that work to ‘sell’ PACE. Eliminate the requirement for a pre-improvement Energy Audit. Standardize the effective date of a PACE lien to be first advance of funds, not when the project is completed. Expressly authorize PACE for new construction (i.e., the top 10% of a building).
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