PACE Update Webinar

Join ICLEI USA and a panel of experts to discuss the latest developments regarding the Property Assessed Clean Energy (PACE) financing mechanism.

Date: July 27
Time: 2:00-3:30 p.m. Eastern

Presented By: ICLEI-Local Governments for Sustainability USA
Attendance: Open to all

Property Assessed Clean Energy (PACE) financing, one of the most powerful financing mechanisms for deploying efficiency and renewables at scale, has recently become a hotly debated topic and one fraught with confusion.  PACE programs are a way for local governments to provide homeowners and local businesses with a first class financing option for building retrofits and renewable installations.  The cost is assessed as a lien on the property and paid back over a fixed period.  After the Obama administration invested $150 million into jumpstarting PACE programs across the nation, FHFA, Freddie Mac, and Fannie Mae issued letters stating that they would not purchase mortgages linked to properties that also have senior PACE liens.  Given the size and importance of these entities, the letters spell a real blow for any homeowner who takes advantage of a local PACE program and, thus, has essentially frozen residential PACE programs offered by local governments and the $150 million dollar investment through the Recovery Act.

This webinar will provide the basics on PACE and what happened at the federal level, how local governments are moving forward despite the uncertainty, what is happening in Congress and how you can take action to save PACE.

The expert panel includes:

• Cisco DeVries, President; Renewable Funding, LLC
• Martin Chavez, Executive Director; ICLEI – Local Governments for Sustainability USA
• John Haig, Energy and Sustainability Director; Sonoma County, California
• Brad Penney, Director of Government Relations; Alliance to Save Energy