Tuesday 17 August 2010

Outrage of the Week: Obama Gang Letting the Mortgage Giants Kill the PACE Program

By Jonathan Hiskes
Grist Magazine, Aug 5, 2010
Straight to the Source

Why isn't the Obama teamtrying harder to save the promising PACE clean-energy model?

Mortgage giants FannieMae and Freddie Mac have essentially quashed PropertyAssessed Clean Energy (PACE) programs, which have been launched in localcommunities around the U.S. to make green improvements more affordable to homeowners. The Obama administration has taken modestmeasures to help out, but it hasn't put its top people on the case. If it did,there's reason to think PACE could be quickly restored.

Instead, Fannie and Freddieare undermining administration priorities like clean energy, energy efficiency,job creation, homeowner relief, and economic stimulus.

"If

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