Fannie Mae and Freddie Mac Won’t Allow PACE liens

Date: 2 Jul 2010 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

Fannie Mae and Freddie Mac have told federal regulators and plan to release additional guidance indicating that the senior lien status of PACE liens is not acceptable.  This declaration comes despite recent articles highlighting the minimal impact of PACE liens on the lenders’ balance sheets, White House and DOE support for the program, and the 23 states who have enabled Property Assessed Clean Energy Financing (see image).

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John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.