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Local vendor urges La Mirada to opt into statewide PACE program
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Summary
A Home Run Financing representative asked the council to join the CSCDA open PACE program so homeowners can finance energy, water and resiliency upgrades through property taxes; staff did not take action but received the comment.
A representative for a property‑assessed clean energy (PACE) administrator urged the La Mirada City Council to opt into a statewide open PACE program that would let homeowners finance energy efficiency, water‑saving and disaster‑resiliency upgrades through property‑tax assessments.
"My name is Gabe Holbert, and I represent Home Run Financing," Holbert said during public comment. He told the council that PACE programs allow homeowners to finance improvements with no down payment and fixed interest rates repaid through property taxes, and that the CSCDA open PACE program has multiple approved providers that could restore local access after the previous administrator left the market.
Holbert said his firm had materials showing more than 400 La Mirada property owners have expressed interest in PACE and asked the council to place a CSCDA open PACE resolution on a future agenda so residents can again access the program. City staff did not act on that request at the meeting; the comment was received for council consideration.
The council did not vote on PACE at this meeting; staff may add the matter to a future agenda for formal consideration.
