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PACE in Maryland is Not Keeping Pace

Green Building Law Update

Nationally, including in Maryland, “residential” PACE programs (as opposed to the commercial programs) were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by single family properties with outstanding PACE obligations.

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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Maryland is typical.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

There were not similar concerns expressed about commercial loans.

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Black Gold Rush

Buisness Facilities Contributed Content

The housing market collapse devastated the Golden State at the same time it faced a fiscal reckoning brought on by decades of piling up long-term debt. Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. Map of U.S. Source: U.S.

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Wyoming Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Data Center Infrastructure Grant Funds (passed 2011): A $15,000,000 appropriation to assist Wyoming cities, towns and counties to build necessary public infrastructure for the recruitment and operation of data centers. Through this program, qualified businesses can obtain capital in the form of debt or equity financing. TAX INCENTIVES.

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BUSINESS REPORT: Tennessee Initiates Site Certification Program

Buisness Facilities Contributed Content

A clear path to acquiring or leasing the property must be identified and documented. The ECD began looking intently at developing a site certification program in August 2011. We also have one of the best balance sheets in the country with a very low debt burden. As a state, Tennessee is a solid partner.”.

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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

Buisness Facilities Contributed Content

Non-Thai investors are permitted to hire foreign experts and technicians and also may qualify for land ownership rights if they would prefer not to lease office space. But Western Digital’s expensive Thai operations were jeopardized in October 2011 when severe flooding inundated much of the land to the north of Bangkok.