The San Francisco Chronicle reports on the green movement's road block:
San Francisco's new, $150 million program to help property owners finance solar and other energy-saving programs is all but dead, according to city officials, after a federal agency announced Tuesday that the program and others like it across the state are potentially risky and inadvisable for mortgage lenders.
There's more:
The problem, according to the Federal Housing Finance Agency, is that the local loans attach to the properties as liens if they are not paid off and those liens, because they are property taxes, trump banks for who gets paid back first from proceeds of a foreclosed home. In a housing market that is - at best - recovering, the risk of home loan defaults remains high and lenders do not want to risk losing more money.
The struggles of the pagan movement.
