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Supervisors back resolution to revive Green Finance SF residential PACE program

San Francisco Board of Supervisors Budget and Finance Committee · December 4, 2013
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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