Enact legislation supporting residential property assessed clean energy financing (PACE)
Miscellaneous
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OSTI ID:22110335
Congress should enact legislation that supports residential property assessed clean energy (PACE) programs in the nation’s states and metropolitan areas. Such legislation should require the Federal Housing Finance Agency (FHFA) to allow Fannie Mae and Freddie Mac to purchase residential mortgages with PACE assessments while at the same time providing responsible underwriting standards and a set of benchmarks for residential PACE assessments in order to minimize financial risks to mortgage holders. Congressional support of residential PACE financing will improve energy efficiency, encourage job creation, and foster economic growth in the nation’s state and metropolitan areas.
- Research Organization:
- The Brookings Institution, Washington, DC (United States)
- OSTI ID:
- 22110335
- Country of Publication:
- United States
- Language:
- English
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