Joe Pasalodos, Aug 04 15:13 (PDT):
On May 5, 2010, Fannie Mae and Freddie Mac released statements to the banking community on PACE programs, indicating that Fannie Mae/Freddie Mac mortgages must retain their first lien position. These letters caused confusion and concern that PACE participants may be ineligible for conforming mortgages. The FHFA (Federal Housing Finance Authority), which regulates FNMA and Freddie Mac, has since issued clarification that they would not support the senior lien position of PACE financing. In spite of pledge provided by the Department of Energy (DOE) that the Federal Government would guarantee against any defaults suffered by FNMA and Freddie Mac, FHFA and the Administration were not able to come to an agreement.
As a result of the aforementioned, program launch activities have been suspended.
We have seen wide spread support at the local, state and federal levels from elected officials. New legislation is being introduced to re-animate PACE programs across the country. How can you help? Email your elected representatives both in the House of Representatives and the Senate urging their support and the support of their peers around PACE and the new legislation.
You can find regular updates on the legislative progress of the PACE initiative at www.PACENOW.org
Thank you for your inquiry.
Regards,
Joe
As a result of the aforementioned, program launch activities have been suspended.
We have seen wide spread support at the local, state and federal levels from elected officials. New legislation is being introduced to re-animate PACE programs across the country. How can you help? Email your elected representatives both in the House of Representatives and the Senate urging their support and the support of their peers around PACE and the new legislation.
You can find regular updates on the legislative progress of the PACE initiative at www.PACENOW.org
Thank you for your inquiry.
Regards,
Joe
Daniel Etra, Jul 30 15:01 (PDT):
A new inquiry from the Renew Santa Fe website has been received.
Name: Luis and Linda Martin
Comment: We are a Solar Thermal and Photovoltaic design and retail company. We then help our customers hire a qualified installer. We have several customers in Santa Fe. Our customers there are mostly interested in advanced, integrated solar applications that are beyond the scope of a plumber and require engineering. We are very interested in information about Renew Santa Fe. Please contact us. Our phone number is 505-892-6406. Our Website is www.MirasolEnergySystems.com
Add me to the email list: Yes
Interest Type: Contractor
Dear Mr. Pasalodos and Mr. Etra:
Thank you for your update on PACE. I have been reading about the issues that have stalled PACE. We have begun taking action to encourage our elected representatives to resolve the issue. Furthermore, we are encouraging others to learn about PACE and to also contact them. I am also trying to find out what action is being taken to set up PACE in Sandoval and Bernalillio Counties. If you have an information regarding rhe status of PACE in those two counties or who is in charge, we would appreciate that information.
As you know, most homeowners who desperately want and need solar systems installed on their homes are neither able to afford the investment nor are they able to finance it with traditional loans at this time. We would love to be able to hire lots of people to sell and install solar systems. If the business was there, we could add several jobs to the economy. Unfortunately, our business is just barely surviving. What is more sad is that there are many families who are struggling to pay high energy bills to keep their homes heated and the lights on. We are prepared to help in any way to get PACE moving in New Mexico once the FannieMae and FreddieMac issue has been resolved. Please let us know what else we can do to help.
I will be posting your updates to our blog.
Thank you for responding so quickly.
Sincerel,
Linda Martin
Mirasol Solar Energy Systems
