Podcast: The PACE Program - What Changes May Be Coming Soon? - Diagnosing Health Care
Commercial Property Assessed Clean Energy Financing, or C-PACE Financing, is an innovative financing mechanism that enables commercial property owners to fund energy-efficient, renewable energy, and water conservation...more
The latest hurdle in getting a deal done in the post-Fed-rate-hikes era revolves around the capital stack, which, according to the Commercial Observer, is more complicated than ever. Deals are taking longer because...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
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
Property Assessed Clean Energy (“PACE”) has been maturing into a distinct asset class over the last decade. Foley has been involved in PACE since its early days, from highlighting the three early models program developers...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
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
Hospitals are some of the most energy-intensive buildings in the nation, consuming three to five times as much energy as high-end commercial hotels. As energy costs rise and building sustainability concerns grow, energy...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
Property Assessed Clean Energy (PACE) loans provide property owners with financing for “green” improvements designed to increase energy efficiency, water conservation, disaster resiliency and renewable energy solutions. PACE...more
Recently, the owner of the 24-story, 360,000-square-foot PNC Plaza office tower, which is located in downtown Columbus, Ohio, wanted to upgrade the energy efficiency of the building. ...more
Property Assessed Clean Energy (“PACE”) programs continue to expand across the country. Most recently, on June 12, 2018, Pennsylvania enacted legislation to bring PACE energy programs to that state. This follows the adoption...more
Property Assessed Clean Energy (PACE) financings are an alternative financing tool used to finance energy efficiency upgrades or renewable energy projects in residential, commercial and industrial properties. PACE financings...more
In July 2016 HUD issued guidance on the use of Property Assessed Clean Energy (PACE) assessments for single family properties with FHA-insured mortgages. In January 2017, HUD followed with guidance on the use of PACE...more
Property Assessed Clean Energy (PACE) Bonds are a financing tool used to finance energy efficiency upgrades or renewable energy projects in residential, commercial and industrial properties. Such projects might include...more
Recently, several changes were made to the California Finance Lenders Law with various effective dates. Effective immediately, the California Finance Lenders Law has been renamed the "California Financing Law."...more
Sustainable Development Focus - Cal State Long Beach adds solar panels on campus - Long Beach Post - Sep 15 - To advance toward a goal of carbon neutrality on campus by 2030, Cal State Long Beach (CSULB) recently...more
“PACE” – Is it the new buzzword? Lately, it seems I keep hearing about securitizations backed by PACE financings. What is a PACE financing program, and what is happening in the securitization market?...more
On January 1, 2017, certain amendments to California's current statutory schemes for authorizing Property Assessed Clean Energy (PACE) financing programs will become effective. The amendments primarily prescribe additional...more
Property assessed clean energy (PACE) programs are an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. They also present a number of challenges to investors—for one,...more