Property owners in more than 20 states have been able to use PACE bonds to finance energy efficient systems.
Property-Assessed Clean Energy (PACE) Programs have been making headlines recently. At issue is a challenge posed by federal agencies surrounding who gets paid first if the borrower of the long-term loan defaults.
Fannie Mae and Freddie Mac, which own or guarantee about half of the nation’s $11 trillion in mortgages, released an industry letter on May 5 to their servicers stating “an…
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