Podcast: The PACE Program - What Changes May Be Coming Soon? - Diagnosing Health Care
The CFPB proposed a rule establishing consumer protections for residents securing Property Assessed Clean Energy (PACE) loans, which are typically utilized by homeowners to cover clean energy home improvement costs such as...more
The first compliance period under New York City’s Local Law 97 (LL97) begins on January 1, 2024, and a January 2023 REBNY-commissioned study concluded that over 3,700 properties could be out of compliance and face over $200...more
Property Assessed Clean Energy (PACE) is a financing model that provides low-cost, long-term funding for eligible energy efficiency and renewable energy projects. PACE is a national initiative by the U.S. Department of...more
Property Assessed Clean Energy (“PACE”) financing is a fast-growing source of potential capital available to developers and property owners throughout the country. Available for use with both commercial properties (in which...more
Regardless of arguments as to its cause, climate change is real and its negative effects on health and the environment are evident. And although there exist legal directives that certain businesses must meet to increase...more
The State of Wisconsin adopted a suite of amendments to its PACE statute (Wis. Stat. § 66.0627(8)) on March 14, 2022 through 2021 Wisconsin Act 175 (the “Act”).1 The Act was the only major clean energy bill that passed...more
Are you interested in Property Assessed Clean Energy (PACE) in Kentucky? Join Bricker & Eckler and PACE administrator, Energize Kentucky, as they highlight the major accomplishments from 2021 and provide an outlook for the...more
Bricker & Eckler, along with national and state partners, will recap significant PACE industry developments from 2020 and preview what’s on the horizon for 2021....more
Commercial Property Assessed Clean Energy (CPACE) programs present a financing option that commercial real estate owners might consider to get through leaner times. Under a CPACE program, a property owner can borrow money to...more
Join Bricker & Eckler, Columbus-Franklin County Finance Authority, Lean & Green Michigan and the Sustainable Energy Fund for a webinar on refinancing commercial projects using Property Assessed Clean Energy (PACE) financing. ...more
In January 2020 the Federal Housing Finance Agency (FHFA) published a request for input on Property Assessed Clean Energy (PACE) transactions involving residential property. ...more
Licensees under the California Financing Law (CFL), the Property Assessed Clean Energy (PACE) Financing Program, and the Responsible Small Dollar Loan (RSDL) pilot program must submit their annual to the Department of...more
Interested in Property Assessed Clean Energy Financing in Michigan? PACE administrator, Lean & Green Michigan, will give an update on Michigan's PACE market, and Bricker & Eckler will take a deep dive into PACE legislation...more
In an upward climb, Ohio’s investment in property assessed clean energy increased by over 42 percent from 2018 to 2019. Want to know the details? Check out Bricker’s interactive map of #PACE programs across the state. ...more
Bricker & Eckler LLP congratulates Greater Cincinnati Energy Alliance (GCEA) on a record-breaking year in Property Assessed Clean Energy (PACE) financing transactions. In 2019, GCEA has closed 24 PACE loans valued at nearly...more
On April 18, 2019, the New York City Council passed legislation, referred to as the Climate Mobilization Act, which includes bills designed to aggressively reduce carbon emissions produced by New York City’s buildings....more
Issued by local government entities, PACE (Property Assessed Clean Energy) bonds allow residential or commercial property owners to finance energy improvement upgrades to their properties. Bonds may be issued and sold...more
Homeowners in Summit, Franklin and Lucas Counties will soon have access to low-interest loans for energy efficiency improvements through property assessed clean energy (PACE) financing. In Summit County, the City of Barberton...more
A redevelopment project that has been more than a decade in the making, the formerly abandoned Dayton Arcade will see new life. Through an innovative Property Assessed Clean Energy (PACE) financing structure and the...more
Making headlines in consumer finance news, Consumer Financial Protection Bureau (CFPB or Bureau) Director Kathy Kraninger paid Congress another visit, while the CFPB published its latest Supervisory Highlights, a first-time...more
On March 4, 2019, the Consumer Financial Protection Bureau (CFPB) issued an advance notice of proposed rulemaking (ANPR) on residential property assessed clean energy financing (PACE financing). The CFPB is seeking...more
Editor's Note - In This Issue. The Securities and Exchange Commission’s (SEC) Division of Investment Management released a No-Action Letter that relieves mutual fund directors from in-person voting requirements under...more
An innovative type of securitized asset is increasingly popular among fund managers, specifically bonds backed by commercial Property Assessed Clean Energy (C-PACE) special tax assessments. ...more
• The California Energy Commission voted unanimously on May 9, 2018, to require solar panels on all new single-family homes and apartment buildings that are three stories or less starting in 2020. • The new regulations...more
Question: Borrower has requested the consent of lender with respect to the following: (1) the construction and installation of a new solar system to be installed on the roof at the collateral property to provide electricity...more