PACENation Summit 2019

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PACE Updates

  • PACENation Announces Four New Board Members and Elects PACE Inventor Cisco DeVries to Serve as Chairman of the Board

    PACENation has announced the election of four new Board members: Deborah Burke of the Rockefeller Brothers Fund, Keith den Hollander of the Christian Coalition, Robert Giles of PACEfunding, and Brad Knyal of E3. Cisco DeVries has been elected to serve as Chairman of the Board of PACENation.

    “I am thrilled to welcome these new members to our Board of Directors. Each brings a unique perspective and depth of experience that will make them an excellent resource and advocate for PACENation’s stakeholders,” said Jeff Tannenbaum, PACENation’s founder and Chair Emeritus. “I am also delighted to announce that Cisco DeVries, the inventor of PACE and a visionary in clean energy finance, will be taking on the role of Board Chair. It has been an honor to Chair PACENation, to have worked with so many committed and talented individuals, and to leave the organization with such capable leaders.”

    “PACENation is leading the charge to make energy efficiency, renewable energy, and resiliency a choice for all building owners,” said Cisco DeVries. “I look forward to working with PACENation’s members as we continue to strengthen PACE as an industry.”

    Cisco DeVries is the Entrepreneur-in-Residence at Titan Grove. For over two decades, Mr. DeVries has nurtured new ideas, created policy, built companies, and inspired change. In 2008, Mr. DeVries co-founded the firm Renew Financial, which under his leadership became one of the largest dedicated clean energy finance companies in the United States. As CEO of Renew, he raised over $2 billion in private capital that financed energy efficiency and clean energy projects in nearly 100,000 homes. Previously, he spent five years as the Chief of Staff to Berkeley Mayor Tom Bates where he managed the Mayor’s environmental agenda and developed the first PACE program. In 1996, he was appointed to the administration of President Bill Clinton, and served as an aide to the U.S. Secretary of Energy, held roles at the White House and the U.S. Department of Transportation, and organized the roll-out of key Presidential and Secretarial policy initiatives throughout the U.S. and internationally.

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    MikePACENation Announces Four New Board Members and Elects PACE Inventor Cisco DeVries to Serve as Chairman of the Board
  • 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)

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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