Housing Regulator Still Won't Support PACE

The agency that oversees Fannie Mae still doesn't like or will support PACE programs, telling Congress that the program is unlikely to go forward.

GRIST has all the depressing news in this blog post. PACE, or Property Assessed Clean Energy program, is an innovative way for homeowners and commercial landlords to pay for energy-efficiency upgrades through a property tax assessment.

It's not a loan, but the Federal Housing Finance Agency still can't seem to approve it. It matters to us because Fresno and Kern counties were getting ready to participate in a pilot PACE program and there was hope it would be rolled out to other cities and counties in the San Joaquin Valley - where families suffer from high power bills and low incomes, both of which PACE would help address through energy and cost savings.

The San Joaquin Valley Clean Energy Organization is a nonprofit dedicated to improving our region's quality of life by increasing its production and use of clean and alternative energy. The SJVCEO works with cities and counties and public and private organizations to demonstrate the benefits of energy efficiency and renewable energy throughout the eight-county region of the San Joaquin Valley.