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PACE in Maryland is Not Keeping Pace

Green Building Law Update

But today, despite Maryland having enacted a PACE enabling law in 2014, only one PACE loan has closed in the State. I was asked recently to recommend how PACE in Maryland could be improved. What follows is my top 10 list actions to make PACE a success in Maryland. real estate since the invention of the glass window.”.

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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

It was widely reported that the first green building litigation in the country was the 2007 trial court case of Southern Builders, Inc. Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. That green building tax credit was monetized and sold to 5 Maryland taxpayers. 19-C-07-011405.

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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

It was widely reported that the first green building litigation in the country was the 2007 trial court case of Southern Builders, Inc. Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. That green building tax credit was monetized and sold to 5 Maryland taxpayers. 19-C-07-011405.

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PACE Bill Due in Baltimore City

Green Building Law Update

PACE loan programs, where payments for energy efficiency, water conservation and renewable energy improvements to real estate are made through a building owner’s property tax bill are gaining acceptance nationally including being implemented across Maryland. Maryland is typical. Commercial PACE programs are still very new.

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PACE Programs are Stepping Up the Pace

Green Building Law Update

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.

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Water is the Most Important ESG Factor

Green Building Law Update

I am excited to be presenting a fast paced and fun one hour virtual program, “ESG an Emergent and Fast Growing Area of the Law” for the Maryland State Bar Association, and Not just for lawyers, on December 14, 2021 at noon. Register today for the live virtual program. Potable water use reduction may be the most important ESG factor.

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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

The 71 day session of the Maryland General Assembly was for the first time since the Civil War cut short from the prescribed 90 days (. of note, the legislature has met for 90 days since the predecessor, appointed not elected, General Assembly of Maryland was first called together in 1635 in St. Historic Discrimination.

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