article thumbnail

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. a lien) that is superior to the FHA-insured mortgage for delinquent regularly scheduled PACE special assessment payments.

Finance 120
article thumbnail

Water is the Most Important ESG Factor

Green Building Law Update

in a state where the majority of rain in cities and towns flows into storm drains dumping into the Pacific Ocean), including a draft emergency regulation that among other things makes washing a car without a shut-off nozzle punishable by a fine. Today the average residential water bill in New York is $994 a year. to mimic the U.N.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. In the residential setting, this never happens. A draft Bill is in my desk draw, if anyone at the State House cares to call me.)

article thumbnail

Louisiana Home Improvement Contractors License Requirements

Construction Law Monitor

Contractors can find out information on commercial, residential, home improvement and mold remediation. This application is less formal than the Residential Contractor license application. Of course other contractors who have a better license do not need this one, such as commercial and residential contractors. Related articles.

article thumbnail

PACE in Maryland is Not Keeping Pace

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 acknowledgment of a PACE loan is required.

Maryland 136
article thumbnail

A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. 00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. Residential Bath Accessories. 11 01 30 Operation and Maintenance of Residential Equipment. Project Delivery. 00 54 00 Agreement Form Supplements. 00 54 13 Supplementary Scope Statement.

article thumbnail

A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. 00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. Residential Bath Accessories. 11 01 30 Operation and Maintenance of Residential Equipment. Project Delivery. 00 54 00 Agreement Form Supplements. 00 54 13 Supplementary Scope Statement.