- PACE liens that preserve payment priority for first lien mortgages through subordination are eligible;
- PACE assessments must be fixed-rate and fixed repayment schedule;
- PACE assessments must be recorded and identifiable to the lender; and
- PACE assessments must be attached to single family properties, as defined by FHA, which are 1- to 4 unit dwellings.
FHA also announced a new partnership with the Department of Energy (DOE) that will incorporate the use of DOE’s Home Energy Score into Single Family existing FHA’s Energy Efficient Home (EEH) program. Under the new partnership, FHA will provide flexible underwriting to recognize the reduced costs of utilities when those costs are established with the DOE's Home Energy Score.
Homebuyers or homeowners who want to obtain an FHA-insured purchase or refinance mortgage for a single family home that receives a Home Energy Score of 6 or higher will be eligible to increase their income qualifying ratio by 2 percent above the standard Single Family FHA limit.