Effort to make LA more eco-friendly means foreclosure

Source: Anna Scott - KCRW

Lang was foreclosed on earlier this year because of her participation in a program called Property Assessed Clean Energy, or PACE, which provides LA County homeowners with no-money-down loans for eco-friendly home improvements. Borrowers repay the loans in installments that get rolled into their property taxes.

Critics of the program say lax lending standards have paved the way for predatory contractors to take advantage of elderly homeowners like Lang.

Read Full Article: Effort to make LA more eco-friendly means foreclosure

 

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