News & Analysis as of

Loans Clean Energy

Cadwalader, Wickersham & Taft LLP

IRS Private Letter Ruling Says CPACE Loans Qualify for REMIC Transactions

The IRS recently concluded that certain commercial property assessed clean energy (“CPACE”) assets are “obligations . . . secured by an interest in real property” under Code Section 860G(a)(3) in a private letter ruling...more

Stikeman Elliott LLP

Canada’s 2023 Fall Economic Statement

Stikeman Elliott LLP on

On November 21, 2023, the Canadian Department of Finance (“Finance”) released its 2023 Fall Economic Statement (“FES 2023”). The focus of FES 2023 was on affordability measures, particularly with respect to housing. New...more

Cozen O'Connor

CFPB Proposes Rule to Protect Homeowners Seeking Clean Energy Loans

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The CFPB proposed a rule establishing consumer protections for residents securing Property Assessed Clean Energy (PACE) loans, which are typically utilized by homeowners to cover clean energy home improvement costs such as...more

K&L Gates LLP

Keeping “PACE” in Commercial Real Estate Improvements: A Primer on the New Washington Commercial Property Assessed Clean Energy...

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Commercial property owners in the state of Washington may soon have access to a new source of funding for energy efficiency, renewable energy, and resiliency improvements to their buildings. Washington’s C-PACER legislation...more

Bricker Graydon LLP

Greater Cincinnati Energy Alliance has record-breaking year for PACE financing

Bricker Graydon LLP on

Bricker & Eckler LLP congratulates Greater Cincinnati Energy Alliance (GCEA) on a record-breaking year in Property Assessed Clean Energy (PACE) financing transactions. In 2019, GCEA has closed 24 PACE loans valued at nearly...more

Bricker Graydon LLP

Ohio will become fourth state to offer residential PACE for energy improvements

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Homeowners in Summit, Franklin and Lucas Counties will soon have access to low-interest loans for energy efficiency improvements through property assessed clean energy (PACE) financing. In Summit County, the City of Barberton...more

Pullman & Comley, LLC

Groundbreaking News - Spring 2019

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March 18, 2019 Welcome to Pullman & Comley's Real Estate Newsletter, Groundbreaking News. Written by our team of attorneys, you'll find articles that highlight hot topics and developments spaning the fields of real estate,...more

Kilpatrick

Solar Panels & Other Energy-Saving Facilities: Can You Approve Installation & PACE Financing?

Kilpatrick on

Question: Borrower has requested the consent of lender with respect to the following: (1) the construction and installation of a new solar system to be installed on the roof at the collateral property to provide electricity...more

Mayer Brown

“PACE” for Residential and Commercial Renewable Energy Projects – What is it?

Mayer Brown on

“PACE” – Is it the new buzzword? Lately, it seems I keep hearing about securitizations backed by PACE financings. What is a PACE financing program, and what is happening in the securitization market?...more

Bradley Arant Boult Cummings LLP

Preparing for FHA PACE: What Mortgagees Need To Know Before September 17

The U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) issued Mortgagee Letter 2016-11, which specifically permits properties encumbered with a Property Assessed Clean Energy...more

Ballard Spahr LLP

FHA and VA to Expand Coverage to Properties with Certain PACE Assessments

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The Federal Housing Administration (FHA) has announced guidance intended to clarify circumstances under which residential properties encumbered by a Property Assessed Clean Energy (PACE) special assessment would be eligible...more

Dechert LLP

Recent Developments Affecting Property Assessed Clean Energy (PACE) Loans

Dechert LLP on

New Jersey Governor’s Conditional Veto Restricts New Jersey PACE, Florida’s Supreme Court Expands State’s PACE Market, Congress Extends the Federal Investment Tax Credit and States Reduce Effectiveness of Net-Metering - ...more

Mintz - Energy & Sustainability Viewpoints

Federal Housing Administration Move on PACE Showcases Program’s Possible Impact

On August 24, President Obama directed the Federal Housing Administration (FHA) to allow homeowners to purchase and refinance properties with Property Assessed Clean Energy (PACE) loans when those loans are subordinated to an...more

Latham & Watkins LLP

Green Banks: Financing Tomorrow’s Clean Energy Projects

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In February 2014, lawyers from Latham & Watkins participated in the inaugural Green Bank Academy held in Washington, D.C. State energy and finance officials from across the US attended the Academy to discuss the role of green...more

Allen Matkins

Renewable Energy Update -- September 12, 2013.

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Renewable Energy Focus -- DOE's Loan Programs Office has financed $16 billion in renewables, and more is coming: Renewable Energy World - Aug 24 - The Department of Energy's Loan Programs Office (LPO) has loaned $16...more

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