Florida Governor DeSantis recently signed a bill aimed at enhancing PACE (Property Assessed Clean Energy) funding for home renovations, with the goal of improving energy efficiency and resilience in residential properties. However, the Mortgage Bankers Association (MBA) has expressed concerns that the bill introduces unnecessary obstacles that could hinder the effectiveness of PACE programs.

Key points from the text include:
– Gov. DeSantis signed a bill focused on enhancing PACE funding for home renovations in Florida
– The goal is to improve energy efficiency and resilience in residential properties
– The Mortgage Bankers Association (MBA) believes the bill introduces unnecessary challenges that could impact the effectiveness of PACE programs

You can read this full article at: https://www.housingwire.com/articles/mba-sees-risk-in-new-florida-law-that-gives-first-lien-priority-to-pace-loans/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.