PACENation Summit 2019

Austin, TX     |     April 3-5

PACE Updates

  • Statement by PACENation on the Consumer Financial Protection Bureau (CFPB) issuing an Advance Notice of Proposed Rulemaking (ANPR) on Property Assessed Clean Energy (PACE)

    PACENation is the national non-profit organization that advocates for PACE financing. PACENation provides resources and support to local governments, businesses, and non-profit organizations that are committed to allowing American property owners to improve the efficiency and resiliency of their homes and businesses with PACE.

    PACENation’s Co-Executive Director Colin Bishopp issued the following statement today regarding the Consumer Financial Protection Bureau’s issuance of an Advance Notice of Proposed Rulemaking on residential PACE:

    “PACENation and its members look forward to working with the CFPB on its proposed rulemaking in a way that accounts for the unique, assessment-based financing structure of PACE. We view this is a critical step toward making residential PACE financing available to property owners in every American community where state and local officials choose to authorize it.

    “To date, PACE financing has allowed more than 220,000 American homeowners to make voluntary upgrades that save energy and strengthen their homes against natural disasters. These upgrades have also conserved water, reduced pollution, and helped to create more than 42,000 local jobs in the construction sector.

    “Residential PACE offers extraordinary economic and environmental benefits, but no benefit is more important than the one it offers to homeowners. PACE expands access to financing so that more American families can increase the efficiency and resiliency of their homes. This is PACE’s core value to the communities that have embraced it. We look forward to working with the CFPB to preserve this value, and to ensure that every residential PACE program in America offers strong consumer protections.”

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    Colin BishoppStatement by PACENation on the Consumer Financial Protection Bureau (CFPB) issuing an Advance Notice of Proposed Rulemaking (ANPR) on Property Assessed Clean Energy (PACE)
  • PACENation Announces Election of Mansoor Ghori to Board of Directors

    PACENation is pleased to announce that Mansoor Ghori, a co-founder and CEO of Petros PACE Finance, LLC, has been elected to serve on the Board of PACENation.

    Founded in 2013 in Austin, Texas, Petros PACE Finance has dedicated all its resources to providing long‐ term PACE financing to commercial property owners across the country, funding energy efficiency and clean energy upgrades in 11 states.

    “Mansoor is a real PACE pioneer, broadening the reach of PACE financing in what is still a very young marketplace. He’s been a real leader in emphasizing standards and best practices, and we think he’s a strong addition to our Board,” said Jeff Tannenbaum, PACENation’s founder and Board Chair. “I’ve had tremendous respect for Mansoor and his contributions to building PACE, and PACENation”, said David Gabrielson, Executive Director of PACENation. “We literally expanded the size of our Board to add him. We think he’ll make a huge difference in our ability to serve PACE stakeholders. “PACENation is the face of the PACE industry and being on the Board is a great privilege. I look forward to contributing to its growth,” said Mansoor Ghori.

    PACENation is the national, independent non-profit organization that advocates for PACE within the United States and in growing markets abroad and provides information, resources, and advice to PACE market participants from the government, non-profit and for-profit sectors. Its annual Summit has become the must attend event for PACE market participants and those intent on providing it. Mansoor Ghori serves as Co-Chair for this year’s Summit, which will be held in Austin on April 3-5.

    View press release.

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    MikePACENation Announces Election of Mansoor Ghori to Board of Directors

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.

2017 C-PACE Economic, Energy, and Environmental Impact Report

Download our year-end C-PACE report for insights on annual trends, regional C-PACE activity, and estimates of impact on local municipalities.

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