PACE funds energy upgrades to buildings that create jobs, make properties more valuable, and help states achieve policy goals. It’s 100% voluntary and it’s being adopted in every region of our nation.

PACE Updates

Renovate America adding income review to PACE underwriting

Source: American Banker

Building on existing underwriting policies and consumer disclosures, Renovate America will add income review to its underwriting toolbox. Read an except from the article below:

Patrick Moore, Renovate America’s newly appointed chief lending officer, told Asset Securitization Report that borrower income data will be used in underwriting both PACE loans and an unsecured program funding through local government entities and unsecured loans to finance a wider range of home improvement projects. It will help determine approvals as well as potential loan sizes. The company has been collecting income data for its unsecured lending product, Benji, since 2016.

The move is being made in anticipation of proposed state legislation in California that would mandate “good faith” underwriting standards on PACE loans, including obtaining credit reports and “in some cases, verifying income, assets, and debt obligations,” according to Senate Bill 242.

Read the full article.

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MikeRenovate America adding income review to PACE underwriting

PACENation is hiring a Director of Membership and Events

Position: Director of Membership and Events
Location: New York
Status: Full-time; Exempt  

Position Summary
PACENation is the leading research and advocacy project of New Venture Fund, promoting Property Assessed Clean Energy (PACE) financing. PACE is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACENation promotes PACE by providing leadership, support, data and networking opportunities for the varied universe of PACE market stakeholders, that include private investors, property owners, local governments, elected officials, energy service providers, and more. You can learn more about PACENation at www.pacenation.org.

We are looking for a driven and enthusiastic individual to manage two aspects of PACENation’s business: Membership and Events. PACENation relies in part on member dues to finance its activities, and we are looking for an energetic, personable and organized individual to maintain and grow our existing Member Services Program. Candidates must be well-polished and

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MikePACENation is hiring a Director of Membership and Events

TWEETS

Resources & Downloads

PACENation’s Consumer Protection Policies

PACENation’s consumer protection policies (CPP Version 2) represent the strongest protections and disclosures for homeowners investing in energy efficiency or renewable energy.

Study: PACE Makes Homes More Valuable

In the first economic study of homes with PACE upgrades, three different methodologies and three home price indices were examined and all turned up the same results; PACE is good for the resale value of homes, even after taking into account the financing costs. Published in the Journal of Structured Finance January 2016.

Whitepaper: Benefits of PACE for Commercial Real Estate Companies

For commercial real estate property owners, PACE financing can remove the typical barriers to the implementation of energy efficiency improvements. In this whitepaper, George Caraghiaur explains how to take advantage of the many benefits PACE provides to commercial real estate companies.

2009-2016 C-PACE Market Overview

From 2009-2016, the commercial PACE market provided financing for 1020 commercial projects that amounted to $340 million in total funding.

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