Brown, Thompson step in to aid PACE loan program for homeowners

Guy Kovner, THE PRESS DEMOCRAT

Gov. Jerry Brown and Rep. Mike Thompson are involved in separate efforts to boost Sonoma County’s groundbreaking program to help residents pay for energy-saving improvements to their homes.

The highly touted program, which has funded more than $50 million worth of residential projects since it started in 2009, sustained a major setback in 2010 when federal housing officials said it jeopardized the nation’s major source of home mortgages.

While Thompson, D-St. Helena, is seeking to remove the federal roadblock, Brown and state Treasurer Bill Lockyer have created a $10 million fund aimed at offsetting the loan program’s potential impact on mortgages.

Thompson’s legislation went nowhere in 2010 and 2011, but may fare better this year with a new director, a former Democratic congressman from North Carolina, heading the federal agency that sets mortgage policy.

via Brown, Thompson step in to aid PACE loan program for homeowners | The Press Democrat.