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Energy Law

Jul. 9, 2010

Green Loans Edit Prompts Scramble

States are grappling with how to respond to a U.S. housing agency decision that froze a popular renewable energy program first initiated in California.

By Fiona Smith

Daily Journal Staff Writer

State officials across the country are scrambling to respond to a federal housing agency edict that has put a freeze on a popular renewable energy program first initiated in California.

The Federal Housing Finance Agency this week refused pleas to reconsider its position that the program, referred to as Property Assessed Clean Energy or PACE, puts mortgage lenders and homeowners at ris...

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