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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.

Finance 120
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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
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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

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.

Maryland 156
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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

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.

Maryland 156
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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.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

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. Commercial PACE programs are still very new.

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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. This does not mean that the homeowner does not need to abide by local permitting rules and regulations. The process is also more relaxed.