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Property Assessed Clean Energy (PACE) Program

Notice Details
Type
Notice
Number
2020-N-1
Group
Fannie Mae
Freddie Mac
Document Number
2020-00655
Federal Register Publish Date
01/16/2020
Federal Register Citation
85 FR 2736
PDF Format
Comment Status
Closed
Comment Open Date
01/16/2020
Comment End Date
03/16/2020

Property Assessed Clean Energy (PACE) Program

Contact Information

​FOR FURTHER INFORMATION CONTACT: Alfred M. Pollard, General Counsel, Alfred.Pollard@fhfa.gov, (202) 649–3050 (this is not a toll-free number), Federal Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​

Summary

​SUMMARY: The Federal Housing Finance Agency (FHFA), as regulator for Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks, seeks public input on residential energy retrofitting programs financed through special state legislation enabling a ‘‘super-priority lien’’ over existing and subsequent first mortgages. In particular, FHFA seeks input on potential changes to its policies for its regulated entities based on safety and soundness concerns. These state programs, termed Property Assessed Clean Energy or PACE, address residential properties and commercial applications. FHFA’s primary focus is on residential PACE programs in this Request for Input (RFI).

DATES: Written input must be received by March 16, 2020.

Public Comments people-icon

Below are a compilation of public comments made on this notice.

61 items
CSV
Date First Name Last Name Organization Comment
Carla L. Ferguson Mountain West Financial, Inc. See attached.View Comment Email: N/A
Attachment: View Attachment
Nic Brinker Show Me PACE See attached.View Comment Email: N/A
Attachment: View Attachment
Wilson Freyermuth JEB for Uniform Real Property Acts Joint Editorial Board for Uniform Real Property Acts February 11, 2020…View Comment
Email: FREYERMUTHR@MISSOURI.EDU
Attachment: View Attachment
Margarita Castro N/A This loan is a nightmare that is not explained correctly and does so m…View Comment
Email: maggie.casro777@gmail.com
Attachment: N/A
George Ballew Member Options / UVA Credit Union This lien will not only cause problems for lenders, but it will ultima…View Comment
Email: george.ballew@memberoptions.com
Attachment: N/A
Michael Merlo Lawyers Title Company These PACE loans have been a big challenge for the Title Insurance Ind…View Comment
Email: mmerlo@ltic.com
Attachment: N/A
Joseph Amrine Fibre Federal Credit Union While the PACE program has noble objectives, taking a priority or supe…View Comment
Email: jamrine@fibrecu.com
Attachment: N/A
Lori McElligott Fibre Federal CU Good Day. I wanted to write a Credit Union and Mortgage Professional t…View Comment
Email: lmcelligott@fibrecu.com
Attachment: N/A
Jackie Young Fibre Federal Credit Union Super-priority liens should not be allowed for this program. We are m…View Comment
Email: jyoung@fibrecu.com
Attachment: N/A
Lori McElligott Fibre Federal Credit Union See attached.View Comment Email: N/A
Attachment: View Attachment
Girard Gurgick G2EM dba Energy: Target Zero I have reviewed Morningstar reports, D&B reports, Journal of Struc…View Comment
Email: ggurgick@energytargetzero.com
Attachment: N/A