Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves special-tax district to launch Green Financing (PACE-style) program
Summary
The board approved formation of a special tax district and related resolutions to establish the San Francisco Sustainable Financing Program (a PACE-style green financing program) to fund energy and water efficiency and renewable installations on privately owned buildings.
The San Francisco Board of Supervisors voted to approve resolutions establishing the formation and necessity for bonded indebtedness for a special tax district to launch the San Francisco Sustainable Financing Program, commonly called a Green Financing or PACE-style program.
Sponsors and city staff said the program will provide a way to link private capital with public administration to finance energy efficiency and renewable-energy upgrades to privately owned buildings. Supervisor (remarks) described the program as key to meeting the city's climate goals and creating green-retrofit jobs. Rich Chen of the Department of the Environment, the program administrator, told the board the team is close to launching and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
