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Obama Boosts Clean Energy Lending That Critics Say Poses Risks

  • PACE helps homeowners pay for solar panels, other improvements
  • Changes could help firm with ties to ex-White House officials

President Barack Obama is moving to help homeowners finance clean energy improvements under a program widely touted by environmental advocates but criticized for putting borrowers and taxpayers at risk.

The changes, announced by the White House on Tuesday, could give a boost to Property Assessed Clean Energy lending, a nascent green-financing industry currently dominated by a company whose advisers include Obama’s former National Economic Council Director Gene Sperling.