PACE
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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CONTINUE READINGPACE Court Ruling Now Final: So What’s the Future of PACE?
Federal Judge Claudia Wilken, who has been presiding over the West Coast lawsuit to overturn federal housing policy and restore residential PACE energy financing programs, made her August ruling final today. As you may recall, Judge Wilken ruled in August that the Federal Housing Finance Authority (FHFA) would have to pursue a notice-and-comment rulemaking on …
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CONTINUE READINGComments 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 …
CONTINUE READINGBREAKING 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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CONTINUE READINGPicking 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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CONTINUE READINGThe Local Role for Promoting Energy Efficient Homes and Businesses
One of the most cost-effective ways to fight climate change is to make homes and businesses more energy efficient. Yet this is also one of the most difficult goals to achieve. In UC Berkeley and UCLA Law’s 2010 report “Saving Energy,” we found the key barriers to be the highly individualized nature of retrofitting buildings …
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CONTINUE READINGA Judicial Win for PACE Clean Energy Financing
Finally, some good news from the courts for advocates of PACE financing for energy efficiency and renewables. Federal Judge Claudia Wilken in the Northern District of California issued a ruling late Friday on the Federal Housing Finance Authority’s (FHFA) motion to dismiss a challenge from the Sierra Club, Placer and Sonoma Counties, Palm Desert, and …
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CONTINUE READINGThe Tea Party Embraces Local Energy Efficiency Financing?
It looks like we’ve finally found an environmental issue that can attract strong bipartisan support. The PACE program allows municipal bond financing to pay for energy efficiency retrofits and solar panels, among other environmentally benign building improvements, to be repaid through property tax assessments. But the Federal Housing Finance Administration (FHFA) essentially squashed the residential …
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CONTINUE READINGA Judicial Setback for PACE Energy Efficiency and Renewables Financing
Many moons ago, I blogged about the saga of the PACE (Property Assessed Clean Energy) financing program and the lawsuits to preserve it. As a quick review, PACE allows municipal governments to use funds from the bond market to help property owners finance energy efficiency retrofits and renewable energy arrays on their property. The property …
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CONTINUE READINGPACE 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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