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

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PACE in Maryland is Not Keeping Pace

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to commercial property owners for energy efficiency, water conservation and renewable energy projects (e.g., So, what is wrong? The concept is sound. Expressly authorize PACE for new construction (i.e.,

Maryland 136
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PACE Programs are Stepping Up the Pace

Green Building Law Update

PACE state enabling statutes generally authorize local governments to work with private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., HVAC system upgrades, photovoltaic systems, cool roofs, etc.), There were not similar concerns expressed about commercial loans.

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PACE Bill Due in Baltimore City

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.), Commercial PACE programs are still very new.

Baltimore 120
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (. Selling a house with solar panels is not for the faint of heart.

Leases 179
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (. Selling a house with solar panels is not for the faint of heart.

Leases 232
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.” Both retention accounts are shown as current assets and current liabilities, respectively. According to Steven J. Fariba Mehdian.