Last month, I wrote about how Representatives Henry Waxman, chairman of the House Committee on Energy and Commerce, and Representative Barney Frank, chairman of the House Committee on Financial Services, sent a letter to the Obama Administration trying to save PACE, the Property Assessed Clean Energy (PACE) program, which allows homeowners to finance their own solar panels or energy-savings retrofits by an addition to their property tax bill. Now California Attorney General Jerry Brown is suing Fannie Mae and Freddie Mac, which have shut down the program.
Thursday, July 22, 2010
California Sues Fannie and Freddie to Save PACE
Last month, I wrote about how Representatives Henry Waxman, chairman of the House Committee on Energy and Commerce, and Representative Barney Frank, chairman of the House Committee on Financial Services, sent a letter to the Obama Administration trying to save PACE, the Property Assessed Clean Energy (PACE) program, which allows homeowners to finance their own solar panels or energy-savings retrofits by an addition to their property tax bill. Now California Attorney General Jerry Brown is suing Fannie Mae and Freddie Mac, which have shut down the program.
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