Green Education Prospectus
Green Job Growth
Source: Pew Charitable Trusts, 2009, based on the National Establishment Time Series Database; analysis by Pew Center on the States and Collaborative Economics.
Green Job Distribution
Source: Pew Charitable Trusts, 2009, based on the National Establishment Time Series Database; analysis by Pew Center on the States and Collaborative Economics.
Tag Archives: property assessed clean energy
Loan Program for Green Home Upgrades
Most business establishments and large scale industries have started retrofitting and remodeling to be at par with the “go green” global inclination. Some of these green programs are government backed or funded providing loans to the business sector with environmentally friendly projects. These green loan programs are already being adopted globally.
Green programs include energy efficiency measures, pollution reduction, recycling, and reusing and proper waste management system. However, the residential sector who wants to go green to cut cost on energy is in indeterminate state. Home owners do not know how to start because of the high expenses that goes with house remodeling and house greening.
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House Rep Leaders Urged Obama to Save Clean Energy Jobs Program
The Obama Administration is encouraged by 60 House Representatives to save the save Property Assessed Clean Energy (PACE) program. The program was said to have successfully created jobs in the green market and allowed home owners to save money on electricity costs and lowered the amount of carbon dioxide emissions per private residential unit.
The Federal Housing Finance Agency (FHFA) has a put a stop in the operation of the PACE program this month. FHFA refused the idea of paying off PACE loans which is associated to residential homes as property assessments by nature and see it take priority over mortgage if in case the unit in question was foreclosed. However, this was opposed by the 60 house representatives and is asking the White House to reconsider the plan of reviving the said program and help protect individuals having mortgage investments.
California versus Fannie and Freddie over clean energy stimulus
Fannie Mae ad Freddie Mac, mortgage finance companies have been taken to court by the California attorney general’s office. The lawsuit was filed on Wednesday, because they have disrupted a popular green financing program. This finance program permits homeowners to pay for energy efficiency improvements to their house, through a surcharge on their property.
The Federal Housing Finance Agency which supervises Fannie and Freddie, issued guidelines on Monday. These guidelines given to lenders limited a homeowner’s ability to take part in the finance program called PACE (Property Assessed Clean Energy). From the stimulus funding support from the Obama Government, $159 million has been utilized by twenty two states that have authorized the programs. A lien is put on the home, when the city or state spends on energy efficiency upgrades through the program. The lien similar to other property tax assessments becomes more important then the home loan if the homeowner defaults. Continue reading
Posted in Green, Green Collar, Property Assessed Clean Energy, Renewable Energy, Sustainable Living
Tagged california, energy efficiency, environment, fannie may, freddie and fannie, freddie mac, green, homeowners, housing agency, jerry brown, jobs, lawsuit, lien, mortgage, pace program, property assessed clean energy, sustainable living
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