Missouri Lawmakers Approve Reforms To Controversial Clean-En

Missouri Lawmakers Approve Reforms To Controversial Clean-Energy Loan Program


This story was originally published by ProPublica.
A legislative measure that would add consumer protections and oversight to programs that make high-interest “clean energy” loans in Missouri will go to the governor for his signature, after the state House on Wednesday voted overwhelmingly to pass it. A
ProPublica investigation found the programs disproportionately burden borrowers in predominantly Black neighborhoods.
The House voted 137-12 on the proposal, with two members voting “present.” The
The measure would require that residential Property Assessed Clean Energy programs be reviewed by the state Division of Finance at least every other year. Currently, PACE programs have to submit annual reports to the state, but ProPublica’s investigation found there was little oversight.

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