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In August 2015 President Barack Obama and the Federal Housing Administration (FHA) expressed support for the use of Property Assessed Clean Energy (PACE) to finance energy efficiency upgrades in homes.
More importantly, the FHA will allow borrowers to use its insured mortgage loans for financing properties with existing PACE loans. This is considered a welcome development for residential PACE that has met some opposition in the past from industry stakeholders like the Federal Housing Finance Agency (FHFA).
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