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The recently enacted Hiring Incentives to Restore Employment (HIRE) Act has authorized Ohio issuers of Qualified Energy Conservation Bonds (QECBs) to elect to receive a direct payment from the federal government rather than have holders of QECBs claim a tax credit in lieu of interest, as was prior law
Even though there are questions about the long-term viability of Property Assessed Clean Energy (PACE) residential programs at the federal level due to federal regulators' concerns about the first lien status of PACE assessments over a homeowner's mortgage, a unique program has been initiated by City of Cleveland and 14 member communities, which is referred to as Cleveland-First Suburbs
