PACE, home loan program ends

23ABC'S LEAH PEZZETTI IS IN THE LIVE CENTER WITH HOW THIS DECISION WILL IMPACT RELATORS, HOMEOWNERS AND LOCAL CONTRACTORS, LEAH? FOR SEVERAL YEARS THE PACE PROGRAM WHICH STANDS FOR PROPERTY ASSESSED CLEAN ENERGY PROGRAM HAS BEEN AN OPTION FOR HOMEOMWNERS WHO WANT TO ADD ENERGY UPGRADES TO THEIR HOMEBUT DON'T HAVE THE CASH UP FRONT TO DO IT BUT AFTER CONFUSION ABOUT THE LOAN PROCESS

SUPERVISORS HAVE DECIDED TO CANCEL THAT PROGRAM IN KERN COUNTY COUNTY SUPERVISORS VOTING AGAINST THE PACE PROGRAM TODAY-SAYING IT PLACES WHAT THEY CALLED SUPER LIENS ON KERN COUNTY HOME OWNERS THAT CAN MAKE IT DIFFICULT TO SELL OR REFINACNE A PROPERTY

"THE PROBLEMS WITH THE PROGRAM OUTWEIGH THE BENEFITS DESPITE THE FACT THAT I CAN SEE THAT THERE ARE PEOPLE WHO ARE HAPPY WITH THE PROGRAM THE LOAN IS DIFFERENT THAN A STANDARD MORTGAGE IT'S GIVEN OUT BY PRIVATE COMPANIESAND IS PAID OFF THROUGH A HOMEOWNERS PROPERTY TAXESTHE KERN COUNTY TREASURER TAX COLLECTOR PUTS A LEIN ON THE HOMEUNTIL THE DEBT IS PAID LOCAL REALTOR JEANNE RADSICK WHO REPRESENTS THE BAKERSFIELD ASSOIATION OF REALTORS SHE SAYS LOCAL REALTORS HAVE LOST COMMISSIONS AFTER TRYING TO SELL A HOME WITH A PACE LOAN ATTACHED TO IT- AND SHE SAYS MANY HOMEOWNERS WHO SIGNED UP FOR THE PACE PROGRAM DIDN'T REALIZE THE TERMS OF THE LOAN"THE CONCERNS THAT WE HAVE EXPRESSED OVER THE PAST FEW MONTHS ARE REAL-WE ARE DEALING WITH THE CONSUMERS WHO CANNOT DO ANYTHING ABOUT WHAT THEY'VE ON THEIR PROPERTIES

IT IS TOO LATE TO RETROACTIVITY GO BACK TO SOME OF THESES FOLKS AND HELP THEMBUT I SEE NO REASON TO CONTINUE THIS PROCESS" BUT LOCAL CONTRACTORS HAVE BEEN OPPOSED TO BANNING THE PACE PROGRAM IN KERN COUNTY UP TO NINE DIFFERENT SOLAR AND CONSTRUCTION COMPANIES PARTNERED WITH THE PROGRAM INCLUDING JIM WHITTINGSON

OF WHITTINGTON SOLAR BAKERSFIELD WHO SAYS HE SAYS LOCAL CONTACTORS STAND TO LOSE OUT OF EXISTING WORK, AND THAT COULD AFFECT JOBS WITHIN HIS COMPANY NOW IT'S STILL UP IN THE AIR WHAT WILL HAPPEN TO THE HERO PROGRAM – WHICH IS A SIMILAR STYLE HOME UPDGRADE LOAN COMPANY SUPERVIORS SAY THEY HAVE 6- MONTHS TO MAKE A DECISION ABOUT THAT PROGRAM

IN THE LIVE CENTER LEAH PEZZETTI 23 ABC POLICE HAVE NOW ARRESTED THE MAN SUSPECTED OF BREAKING INTO