On August 19, 2016 NAR submitted a letter to Deputy Assistant Secretary for Energy Efficiency, Dr. Kathleen Hogan. The letter expresses NAR's general concerns related to Property Assessed Clean Energy (PACE) programs, including dangers to the mortgage financing system, property transaction concerns and consumer protection. NAR also has several specific concerns with the proposed revision of the “Best Practice Guidelines for Residential PACE Financing Programs” including the complexity of PACE programs, appraisal issues and the adequacy of proposed anti-fraud measures.
NAR Letter to Department of Energy's Dr. Hogan DOE Re Best State Practices for PACE
Issue Date: August 19, 2016
On August 19, 2016 NAR submitted a letter to Deputy Assistant Secretary for Energy Efficiency, Dr. Kathleen Hogan. The letter expresses NAR's general concerns related to Property Assessed Clean Energy (PACE) programs, including dangers to the mortgage financing system, property transaction concerns and consumer protection. NAR also has several specific concerns with the proposed revision of the “Best Practice Guidelines for Residential PACE Financing Programs” including the complexity of PACE programs, appraisal issues and the adequacy of proposed anti-fraud measures.
Download Letter