Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
Green Building Law Update
DECEMBER 5, 2021
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. This looming water curb and excessively severe public policy (. to mimic the U.N.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Green Building Law Update
APRIL 7, 2020
Maryland has been described as having more pages of environmental statutes and regulations on a per capita basis than any other state. A water infrastructure “asset owner” must reimburse MDE for costs incurred, and a lien must be established for nonpayment under specified circumstances.
Green Building Law Update
APRIL 7, 2020
Maryland has been described as having more pages of environmental statutes and regulations on a per capita basis than any other state. A water infrastructure “asset owner” must reimburse MDE for costs incurred, and a lien must be established for nonpayment under specified circumstances.
Green Building Law Blog
JULY 20, 2012
PACE became a controversial issue in 2010, when the Federal Home Finance Authority (FHFA), the regulator of Freddie Mac and Fannie Mae, issued an order prohibiting Freddie Mac and Fannie Mae from purchasing mortgages with PACE assessments on them. FHFA proposed a rule on PACE financing on June 15, and is available for download here.
Green Building Law Update
JUNE 25, 2017
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.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.
Expert insights. Personalized for you.
120 
Let's personalize your content