Ethan Elkind Wants Feds to Keep Clean Energy (PACE) Program

San Jose Mercury News, June 17, 2010 by Ethan N. Elkind
http://www.mercurynews.com/opinion/ci_15320358?nclick_check=1

Fannie and Freddie should continue to underwrite mortgages on properties with PACE assessments. They could insist on required safeguards, such as nonacceleration of the PACE assessment at the time of foreclosure and mandatory incorporation of the Energy Department’s PACE guidelines. But they should not jeopardize the future of this promising program over concerns that can be readily addressed. To do otherwise would be to mortgage our economic and environmental future.