California attorney general sues US government to permit popular renewable energy program
California Attorney General sues feds over renewable energy loans
Don Thompson, Associated Press Writer, On Wednesday July 14, 2010, 8:07 pm EDT
SACRAMENTO, Calif. (AP) -- State Attorney General Jerry Brown sued the federal government Wednesday, asking a judge to stop government-sponsored mortgage buyers from blocking a program that lets homeowners pay for energy-efficient improvements through increased property taxes.
Brown's lawsuit argues that Fannie Mae and Freddie Mac's opposition is forcing California counties to halt plans to provide the incentives. He sued the buyers and their regulatory agency, the Federal Housing Finance Agency, in Oakland U.S. District Court.
The voluntary Property Assessed Clean Energy program encourages homeowners to install solar panels, upgrade insulation and take other steps to improve energy efficiency, Brown said. Homeowners pay for the improvements through property tax assessments over a decade or more.
Original article at finance.Yahoo.com