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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. real estate since the invention of the glass window. A directory of state and local PACE laws in available here.

Finance 120
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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 Fraught with Peril

Green Building Law Update

That observed, many residential solar panel ‘leases’ contain language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. That fixture filing is in most states a lien or encumbrance against the system. Some of the companies engaged in this business (.

Housing 207
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. It is common that residential solar panel leases provide language similar to, If you sell your home you can transfer this lease and the monthly payments.

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

Green Building Law Update

But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. It is common that residential solar panel leases provide language similar to, If you sell your home you can transfer this lease and the monthly payments.

Leases 232
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What is PACE Financing and Is It Doomed?

Construction Law Monitor

Started in the green revolution’s holy land, Berkley, California, PACE financing is shorthand for Property-Assessed Clean Energy Financing ( Wikipedia entry ). All was going very well for PACE Financing. 4) Commercial Focus : The FHFA restriction really affects the residential markets only. Can PACE Be Saved?

Finance 48
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. 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.” According to Steven J.