Governor Arnold Schwarzenegger today issued the following statement in support of the Attorney General’s decision to file a lawsuit to overturn the recent decisions by Fannie Mae, Freddie Mac and the Federal Housing Finance Agency that effectively prevent the continuation of residential Property Assessed Clean Energy Financing (PACE) programs.
“I strongly support the Attorney General’s decision to file suit to allow PACE programs to continue in California. By making it more affordable for Californians to invest in energy efficiency, PACE programs offer great benefits to California. Achieving energy independence has always been a top priority in my Administration, and it would be preposterous to do away with a program that will create jobs, provide energy savings and benefit our environment. That is why I urge a quick resolution to this lawsuit to allow the continuation of PACE programs in California.”
Governor Schwarzenegger created the California Recovery Task Force to track the American Recovery and Reinvestment Act funding coming into the state; work with President Barack Obama’s administration; help cities, counties, non-profits, and others access the available funding; ensure that the funding funneled through the state is spent efficiently and effectively; and maintain a Web site (www.recovery.ca.gov) that is frequently and thoroughly updated for Californians to be able to track the stimulus dollars.
