Friday, 20 September 2024

News

In order to enable homeowners seeking clean energy technologies in their homes to leverage a range of financing options, the Federal Housing Administration (FHA) on Tuesday announced guidance that makes clear the circumstances under which it will insure mortgages on properties that include Property Assessed Clean Energy (PACE) assessments.

FHA will now approve purchase and refinance mortgage applications in states that treat PACE obligations as special assessments similar to property taxes. Read more about FHA’s new guidance.

FHA’s action is part of a larger Administration effort to expand access to clean energy technologies to every American family with the option to transition to solar energy and make improvements to their homes to cut their energy bills.
 
PACE is showing promise as an effective way to finance energy efficiency, renewable energy, water conservation, and other resilience upgrades to homes, including new heating and cooling systems, lighting improvements, solar panels, water pumps, and insulation.

PACE pays the costs for such enhancements and is repaid through an assessment added to the property’s tax bill.

State and local governments sponsor PACE financing to encourage energy efficiency, solar energy deployment, advance resilience, create jobs, promote economic development, and protect the environment.

A list of programs by state can be found here: http://www.pacenation.us/resources/all-programs/ .
 
“Today, we’re seizing the opportunity to shape a cleaner and more sustainable nation,” said Ed Golding, HUD Principal Deputy Assistant Secretary for Housing. “Using PACE, families will be able to make their homes more energy efficient and sustainable in the long run, while still keeping their costs affordable today. As PACE programs continue to develop across the nation, the positive impact on families, jobs, and the environment will only grow.”
 
FHA’s new guidance addresses PACE programs where the PACE obligation is treated like a property tax and does not allow the full obligation to have priority or ‘prime’ status over the FHA mortgage lien. By law, FHA cannot accept a first lien PACE structure (except for past due amounts as is the case for all tax assessments).  In accordance with existing guidance, lenders will be responsible for escrowing PACE payments as they would property taxes. In addition, purchasers of homes with existing PACE obligations will be responsible for any unpaid balance of the obligation.
 
The guidance protects FHA from risk in a variety of ways. Lenders must escrow payments for PACE assessment so FHA should never be at risk of losing collateral in a tax sale. FHA is also protected as its appraisal policy requires that appraisals take into account the PACE assessment and the value of the improvements.
 
The Department of Energy is updating its Best Practices Guidelines for Residential PACE Financing, which may be used by states and counties to align with their consumer protection goals.
 
To qualify for FHA insurance on mortgages for properties that include PACE assessments, lenders must determine that the following requirements have been met under the laws in the state where the property is located:

– The PACE obligation must be collected (escrowed) and secured by the creditor in the same manner as a special assessment against the property.

– The PACE obligation cannot accelerate – namely, the entire amount of the obligation cannot become due in the event of delinquency after endorsement of the FHA-insured mortgage. The property may be subject to an enforceable claim or lien that is superior to the FHA-insured mortgage but only for the delinquent portion of the PACE obligation.

– There are no terms or conditions that limit the transfer of the property to a new homeowner.

– The existence of a PACE obligation on a property is readily apparent to mortgagees, appraisers, borrowers and other parties to an FHA-insured mortgage transaction, and information on PACE obligations must be readily available for review in the public records where the property is located.

– In the event of the sale, including a foreclosure sale, of the property with outstanding PACE financing, the PACE assessment remains with the property. In cases of foreclosure, priority collection of delinquent payments for the PACE assessment may be waived or relinquished. Unless a payoff is negotiated, the buyer will assume the obligation and will be responsible for the payments on the outstanding PACE amount.

LOWER LAKE, Calif. – Donovan Ryan passed away Thursday, July 14, 2016, in Lower Lake.

Graduated from Lower Lake High School, Donovan worked as a guard at several local casinos, was a chef helper at Yosemite National Park and worked as a truck driver.

He leaves many family and friends.

Arrangements under the care of Jones & Lewis Clear Lake Memorial Chapel.

Please share your loving memories of Donovan by signing his online guestbook at www.jonesandlewis.com and www.legacy.com .

ellenklages

MIDDLETOWN, Calif. – Ellen Klages (rhymes with stages) will appear at Gibson Museum in Middletown on Sunday, July 24, at the museum’s monthly Fireside Chat.

Klages will present some of the intriguing history of south Lake County she dug out while researching her book “Harbin Hot Springs: Healing Waters Sacred Land.”

Her talk and slideshow will focus on local history before the time the Heart Consciousness Church took over the resort property 40 years ago.

She is known as a writer who delves deeply into her subject, and has won a variety of awards and honors.

Klages, who lives in San Francisco, is most noted for science, science fiction and historical fiction writing.

Her novelette “Basement Magic” won the 2005 Nebula Award for Best Novelette.

Her first novel and probably her most widely known work, “The Green Glass Sea,” was published in 2006 and won the 2007 Scott O'Dell Award for Historical Fiction.

Klages is also known for stand-up comedy and likewise as an entertaining auctioneer for fundraisers.

All of which suggests that visitors to the Fireside Chat will surely enjoy the experience.

The program begins at 3 p.m. at the museum, 21267 Calistoga St. – across the highway from the Middletown Community Center.

There is no admission fee, although donations to help fund operation of the museum, are welcomed.

Refreshments will be served before the question period.

For further information, call Nina Bouska at 707-987-2349.

danhoyleheadshot

UKIAH, Calif. – For the past month, acclaimed playwright and performer Dan Hoyle has been in residence at Mendocino College working on his new play “Grow,” a dark comedy about cannabis, land and the American Dream.

The play will premiere at Mendocino College for one weekend only, running Aug. 4 through Aug. 6 in the college’s Center Theatre on the Ukiah Campus.

Hoyle's brand of journalistic theater has been hailed as "riveting, funny and poignant" (New York Times) and "hilarious, moving and very necessary" (Salon).

His acclaimed solo shows, all created and premiered at The Marsh Theater in his native San Francisco, have had more than 800 performance around the country and overseas, including Joe's Pub at the Public Theater, Culture Project, and Berkeley Repertory Theatre among many others.

According to college theater director and “Grow” producer Reid Edelman, “I am so excited to bring Dan Hoyle to Ukiah to work with our students. This project has been a tremendous opportunity for our students to participate in the creation of a new play in collaboration with a significant American theater artist.”
 
Hoyle describes his play as a dark comedy in the spirit of Fargo and the Coen brothers.

The cast includes 15 student performers, many of whom are participants in the college’s new Theatre Conservatory Cohort Group.

Set in an unspecified small rural town in the Emerald Triangle, the plot involves an eclectic collection of recognizable characters, all striving in their own way to navigate a changing world.

When asked if he has a specific point of view on the subject of marijuana, Hoyle responded, “Not really… mostly I am trying to capture the stories of people living in this particular place in a very interesting time, people influenced by this plant which has created enormous opportunity but not without some significant costs.”
 
The production features college Media & Communications professor Jody Gehrman in the role of Gina, a grizzled woman trying to turn a profit on an acre of land which belongs to her ex-husband Jim (played by college conservatory student Kevin Klay).

Themes of family emerge as their daughter Millie (played by college theatre student Lhasa Summers) is caught up in her parents’ antagonistic dynamic.

Meanwhile Millie’s boyfriend Kyle (played by theater student DonMike Chilberg) confronts the influx of Bay Area tech money into his native rural Northern California town.

College conservatory students Will Schlosser and Ricki Farah play Clark and Tiffany, two Bay Area investors who stir things up when they stumble off of their wine country tour into the play’s rural growing town.

Other actors in the play include Jimmy Page, Frank Braverman, Melany Katz, Theresa Etter, Patrice Phillips, Shadi Mahfoud, Liana Edington, Marcio Orozco and Vincent Collins-Smith.
 
The play is being produced by college theater director Reid Edelman and stage managed by conservatory student Ali Gully.

The production features scenery and lighting designed by college Theatre Technician David Wolf, and costumes by college Costume Instructor Kathy Dingman-Katz.

The play is recommended for mature audiences due to strong language, drug-related themes and some violence.
 
Performances will be for one weekend only: Thursday, Aug. 4, at 7:30 p.m.; Friday, Aug. 5, at 8 p.m.; and Saturday, Aug. 6, at 8 p.m.

Tickets are available in advance at the Mendocino Book Co., the Mendocino College Bookstore and online at www.artsmendocino.org . Tickets may also be purchased at the door subject to availability.

Admission is $20 with a discounted rate of $15 for students, seniors and ASMC cardholders. The performance on Thursday, Aug. 4, is a special discount night, with all seats costing only $10.

For more information, call 707-468-3172 or go to http://www.mendocino.edu/the-arts/theatre .

LAKEPORT, Calif. – The Lake County Law Library Board of Directors will hold a regular meeting on Thursday, July 21.

The board will meet at noon at the Law Library, 175 Third St. in Lakeport.

Agenda items include the financial report ending June 30, the law librarian's report, an incident report regarding harassment, board approvals and public comment.

Board trustees include President Mike Ewing, Secretary Dennis Fordham, Judge Andrew Blum, Judge Michael Lunas, Shanda Harry and Mary Heare Amodio.

The Law Library Board's next meeting is Aug. 18.

Visit the Law Library online at www.lakecountyca.gov/law .

While you and I were busy dodging potholes in the Lakeport roads and praying that our homes and schools don’t burn down due to the city council’s abandonment of the city’s weed abatement program, the city council is now working on the latest chapter of its playbook entitled, “Insensitivity.”

The same city that carried out the early morning shotgun slaughter of the park geese five years ago, with no public input or apparent remorse for killing and wounding the geese that historically call Library Park home, has now set its sights on the downtown business district and its merchants.

During the height of Lakeport’s business and tourist season, the city council has launched a construction project that runs from Memorial Day to Labor Day, closing Main Street, creating dust, disrupting traffic, parking and foot traffic. The Record-Bee reports a 50-percent reduction in business due to the city’s poorly timed project.

This questionable project, which will narrow the street to the detriment of the traveling public, obviously should have been carried out, if at all, in spring or fall, not in the middle of the busiest season of the year.

When they rely on out-of-county consultants to tell them what to do, the city council has again lost track of their purpose to help Lakeport’s businesses and citizens.

While the city government goes about its four-day workweek with a generous paycheck, city businesses struggle to keep their doors open due to the city’s improvident and poorly timed spending that ignores impacts to its citizens.

The insensitivity of the city council and its staff to the businesses and lives of the citizens of Lakeport needs to end.

A city council election is coming up with nomination papers becoming available on July 18 and a deadline for filing on Aug. 12.

Rumor on the street is that city hall is quietly recruiting candidates with pliable minds that will continue to follow the city staff’s “Insensitivity Playbook” and frustrate the voters’ attempts for a more sensitive government. 

We need three new candidates that will be responsive to the feelings and needs of the city’s businesses and citizens, curtail spending on unnecessary projects and cut excessive utility rates.

Bob Bridges lives in Lakeport, Calif.

Upcoming Calendar

21Sep
09.21.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
21Sep
09.21.2024 4:00 pm - 10:00 pm
Passion Play fundraiser
21Sep
09.21.2024 4:30 pm - 10:00 pm
Lake County Wine Auction
23Sep
09.23.2024 6:00 pm - 8:00 pm
Lakeport City Council candidates' forum
24Sep
09.24.2024 10:00 am - 1:00 pm
Farmers' Market at Library Park
28Sep
09.28.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
5Oct
10.05.2024 7:00 am - 11:00 am
Sponsoring Survivorship
5Oct
10.05.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
12Oct
10.12.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
14Oct
10.14.2024
Columbus Day

Mini Calendar

loader

LCNews

Award winning journalism on the shores of Clear Lake. 

 

Newsletter

Enter your email here to make sure you get the daily headlines.

You'll receive one daily headline email and breaking news alerts.
No spam.