Reforms on the table for new kind of home-improvement loan

Source: Andrew Khouri (Paid Registration)

Home financing programs, formally known as Property Assessed Clean Energy (PACE), are established by governments to help homeowners pay for energy-efficient appliances and projects through loans that are paid back as line items on their property tax bills.

Homeowners have accused participating contractors (whose home-improvement jobs are financed by the programs) of misrepresenting the financing and terms of PACE loan repayment, which has prompted the industry and government officials to undertake reforms.

Read Full Article: Reforms on the table for new kind of home-improvement loan

 

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