FHFA Rulemaking Begins-Take Action

This is our opportunity to challenge the FHFA's ban on PACE. The FHFA is required to evaluate all comment and may not capriciously disregard valid comments. The FHFA has posed a series of specific questions that you may answer, but you are also free to provide a narrative that addresses issues raised in the FHFA's questions. Comments may be entered until March 26, 2012.

The United States District Court in Oakland, CA has ruled that the FHFA must comply with the federal Administrative Procedures Act and conduct a Rulemaking Procedure by which the public can provide comment to the FHFA on the merits of residential PACE programs and provide guidance on a rule FHFA could establish that would allow residential PACE programs to proceed with protections for all stakeholders- local governments, homeowners, mortgage lenders, and Fannie Mae and Freddie Mac.

For more information about FHFA: http://pacenow.org/blog/talking-points-for-fhfa-rulemaking-anpr/

To download talking points in PDF: http://pacenow.org/blog/wp-content/uploads/FHFA-Talking-Points-02-08-12-21.pdf

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