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Council hears presentation on PACE financing; staff says consumer protections have strengthened since early program abuses
Summary
City staff and a California Statewide Communities Development Authority (CSCDA) representative briefed the council on the PACE program, which lets homeowners finance energy and water improvements via a property-tax assessment; staff said recent state laws and DFPI oversight strengthen consumer protections compared with earlier versions of the program.
City staff and a representative from the California Statewide Communities Development Authority (CSCDA) described the Property Assessed Clean Energy (PACE) program to the council, explaining how the tool allows property owners to finance energy- and water-efficiency improvements through an assessment added to property tax bills.
Gabe, a CSCDA representative, said state legislative changes in recent years have tightened consumer protections and placed PACE…
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