The Department of Housing and Urban Development has followed through on a plan to allow government-insured loans on properties with energy efficient improvement liens.
HUD’s plan involves residential loans that are insured by the Federal Housing Administration and utilized to finance houses that have Property Assessed Clean Energy loans.
PACE loans are used by homeowners seeking clean energy technologies for their residences. Improvement costs are paid through an assessment added to the property’s tax bill.
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From:: Financing