FHFA’s proposal is an overreach that would block energy efficiency investments that save money, create jobs, and protect the environment. It would stick a big federal nose into local government business.
The agency should back off and issue a revised proposal allowing Fannie and Freddie to buy loans for homes that have PACE liens meeting the underwriting standards Hayworth spelled out in her bill. If the agency won’t budge, Congress should force the issue by passing Hayworth’s legislation.
Energy efficiency is vital for strengthening America’s economy and protecting its environment. The FHFA should get with the program or get out of the way. Read full story.