Congressman Jared Polis (D-CO) recently wrote a letter to Acting Director of the Federal Housing Finance Agency (FHFA) Edward DeMarco demand insisting that he work cooperatively with stakeholders and communities toward resolving issues under the Property Assessed Clean Energy (PACE) bond programs. A PACE bond is a municipal bond where the proceeds are used to finance clean energy retrofits for commercial and residential property owners like solar power or energy efficiency improvements. Polis’ letter suggests that if DeMarco is not willing to work cooperatively with key stakeholders — such as, the Department of Energy, Treasury, Fannie & Freddie, and FHLBs — that he should step down from his position as Acting Director of FHFA. Read More…