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Supervisors back resolution to revive Green Finance SF residential PACE program
Summary
The Board of Supervisors budget committee advanced a resolution urging revival of Green Finance SF, a residential PACE program for 1–4 unit properties that would be privately financed and include workforce provisions; staff cited a $10 million state reserve to address FHFA concerns. The item was moved to the full Board without opposition.
Supervisor Mark Farrell urged the committee to support restarting Green Finance SF, a residential Property Assessed Clean Energy (PACE) financing program that he said would let San Franciscans finance energy-efficiency and renewable-energy upgrades through property tax assessments with no cost to the city. "This special form of financing will help to overcome market barriers," Farrell said, and…
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