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Clean Solar, Solar Panel Installation Contractors in California

The GreenFinanceSF residential program is suspended until further notice.

According to guidance received from the Federal Housing Finance Agency (FHFA) on July 6 2010, Fannie Mae and Freddie Mac—the government-sponsored entities that guarantee more than half of the residential mortgages in the United States—and the lenders and other servicers that they work with, will not originate loans or other financings on homes that take advantage of GreenFinanceSF or other Property Assessed Clean Energy (PACE) programs being implemented nationwide, and may take additional unfavorable actions relative to underwriting new mortgages in jurisdictions with active residential PACE financing programs. A New York Times article published June 30, 2010, provides more detail on this issue. In order to protect GreenFinanceSF participants from uncertain impacts to existing or future home mortgage contracts, we have suspended the residential program indefinitely.