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San Francisco launches Green Finance SF to expand residential PACE financing
Summary
San Francisco officials announced Green Finance SF, a residential PACE financing program to help owners of properties of four units or fewer pay for energy-efficiency and renewable-energy upgrades with no direct cost to the city, paired with workforce-development commitments and state-level protections for mortgage markets.
San Francisco leaders on Dec. 10 unveiled Green Finance SF, a residential Property Assessed Clean Energy (PACE) program designed to help owners of buildings of four units or fewer finance energy-efficiency and renewable-energy improvements.
Supervisor Farrell, who presented the item, said the program will let property owners finance upgrades through property tax assessments and that capital for discounted PACE loans will come from private lenders so the city bears no financial risk. "Green Finance SF is a program for residential properties of 4 units or less known as PACE," Farrell said,…
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