FHFA Raises Safely, Soundness Concerns Over PACE Energy Loans

摘要

The Federal Housing Finance Agency (FHFA) has determined that certain energy retrofit lending programs that use property tax assessments as the financing mechanism present significant safety and soundness concerns for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.rnUnder Property Assessed Clean Energy (PACE) programs, state and local governments provide loans for retrofits of residential or commercial properties, with the loans to be paid off through tax assessments.