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Banks Step In to Shrink Black Homeownership Gap

Pro Builder

Banks Step In to Shrink Black Homeownership Gap. More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities. In Washington, DC, one firefighter and his family were able to purchase a home with the help from Chase Bank’s Chase Homebuyer Grant, according to the Washington Post.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

PACE state enabling statutes generally authorize local governments to work with private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., HVAC system upgrades, photovoltaic systems, cool roofs, etc.),

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Nevada Stops Subsidizing Net Metering

Green Building Law Update

Note that this occurred in the same week that Congress extended the 30% federal investment credit for solar through 2021, which in large measure benefits the same banks and corporate investors. And Nevada is not alone, Hawaii cut its net metering rate by half in October.

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PACE Bill Due in Baltimore City

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.),

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GRESB is Huge with $2.3 Trillion in Real Estate so Follow the Money

Green Building Law Update

Banks are beginning to use GRESB data in real estate lending. It is clear that the finance industry is embracing green building. GRESB was cofounded in 2009 by Nils Kok, a thought leader connecting real estate finance with environmental economics, and as its CEO based in Amsterdam remains actively involved in day to day affairs.

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ESG Disclosure Simplification Act Passes Committee But Will Fail

Green Building Law Update

Although there is little if any chance that the bill will become law given the current politics in Washington, DC, the bill’s passage in the House Committee highlights that issues of ESG disclosures continuing to be pressing. But again, there is no realistic scenario under which this becomes law.

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Toyota Moving North American Headquarters to Plano, TX; Generating 4,000 Jobs

Buisness Facilities Contributed Content

Toyota’s North American finance arm also plans to move its headquarters to this new shared campus. Toyota Financial Service’s regional offices, sales offices, service centers and its bank. Toyota will also continue to maintain offices in the New York City area and Washington, DC. Calty Design Research facilities. AirFlite Inc.