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PACE industry and legal aid urge Jacksonville finance committee to slow or bar residential PACE program
Summary
At the May 6 Finance Committee meeting, industry and legal-aid speakers asked the committee to delay action on a residential PACE item and urged the city to prohibit residential PACE liens because of consumer-protection and cost concerns.
At the Jacksonville City Council Finance Committee meeting on May 6, two public commenters asked the committee to slow or block a measure on residential Property Assessed Clean Energy (PACE) financing.
Chris Peterson, senior vice president of government affairs for Fortify Financial, a PACE provider, told the committee the industry asks the city to “respectfully to slow this item down” and warned the ordinance as drafted lists only one provider, which he said would limit competition and consumer…
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