PACE Advocates Keep Piling On FHFA

Another bad day for Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency

The hits keep coming. As I’ve been chronicling, the Federal Housing Finance Administration’s decision to effectively destroy the energy efficiency and renewable energy financing program called Property Assessed Clean Energy (PACE) is inviting serious legal and political blowback. First, California Attorney General Jerry Brown sues the feds, and now Sonoma County, the Sierra Club, and Babylon, NY have filed their own lawsuits (and trust me — you don’t want to enrage those Babylonians). FHFA is also getting some bad press from the papers and radio. Hopefully the onslaught will force a change in policy at FHFA, if Congress doesn’t get there first.

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