FHFA

Breaking News: PACE Dies in the Ninth Circuit

The West Coast PACE litigation party appears to have ended. After favorable rulings from the California Northern District Court for PACE backers, the Ninth Circuit today dismissed the case outright. As background, Property Assessed Clean Energy (PACE) programs allow municipal governments to finance residential and commercial energy improvements, with property owners repaying the governments via …

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Comments on FHFA’s Proposed Rule on Enterprise Writing Standards for PACE Programs

As we have chronicled earlier on this blog, the Federal Housing Finance Agency (FHFA)’s court-ordered rulemaking on Enterprise Writing Standards for Property-Assessed Clean Energy (PACE) programs resulted in thousands of public comments in response to the Agency’s Advance Notice of Proposed Rulemaking (ANPR)—the overwhelming majority in support of PACE.  Today is the deadline for submitting …

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BREAKING NEWS: Another West Coast Win for PACE Energy Financing

Almost a year later, California wins again in the effort to reverse a federal agency’s 2010 decision that decimated PACE, a promising financing program for residential energy efficiency and renewable investments. Federal District Court Judge Claudia Wilken ruled today that the Federal Housing Finance Authority (FHFA) violated the Administrative Procedure Act’s (APA) notice-and-comment requirement when …

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Picking Up the PACE: FHFA Releases Proposed Property-Assessed Clean Energy Rule

It has been a long road for supporters of Property-Assessed Clean Energy (PACE) programs.  With the recent release of the Federal Housing Finance Agency’s Proposed Rule on enterprise underwriting standards and mortgage assets affected by PACE programs, some residential PACE supporters may be reasonably fatigued.  But while the agency’s Proposed Rule maintains its position that …

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PACE Advocates Keep Piling On FHFA

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 …

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GOP Will Filibuster the PACE Bill, Unless…

A prediction: the Republicans will filibuster Mike Thompson’s bill concerning PACE once it gets to the Senate.  At this point, the Republicans (led by Senator Mitch McConnell, pictured right) are simply uninterested in principles or policy.  That’s particular true in the shadow of the upcoming midterms: stopping the bill will simply be another way to …

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