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PACENow became an ally of Investor Confidence Project

PACENow is happy to become the newest ally supporter of  Environmental Defense Fund’s Investor Confidence Project! The Investor Confidence Project is enabling a market for investment quality energy efficiency projects, by reducing transaction costs and engineering overhead, while increasing the reliability and consistency of savings.

EcoCity Partners to Run PACE in Gulfport

Two years after council first approved creating a Commercial PACE Ordinance, city leaders unanimously agreed on a third party administrator to run the program. EcoCity Partners will provide services for the design, implementation and administration of theCommercial Property Assessed Clean Energy(PACE) program in Gulfport. Amy Elliot with EcoCity

Figtree Energy Resource Company funds PACE projects in CA

A San Diego approved financing entity aimed at helping commercial property owners install energy-saving up-grades is close to issuing new bonds to fund a slew of projects this year. Mahesh Shah, chief executive of Figtree Energy Resource Co., said the company is close to issuing

Southbury, CT Opts Into a Statewide PACE Program

Southbury has opted into a state-wide program called Commercial and Industrial Property Assessed Clean Energy (C-PACE), which allows commercial, industrial and multi-family property owners to access upfront funding for all energy improvement costs and to repay that investment through a benefit assessment charge on their

FHFA filed a motion to extend the deadline for final rule

On February 27, 2013, the Federal Housing Finance Agency filed a motion to extend the deadline for issuance of its final rule until September 16, 2013. To learn more about the FHFA’s rulemaking process, click here. To learn more about residential PACE, click here.

PACE enabling legislation introduced in states

PACE Bills Introduced Spring 2013:  This spring 4 more states have introduced PACE enabling bills. Arizona: HB 2584 Arkansas: Senate Bill Texas: S.B.385 Utah: S.B 221 To send a letter and voice your support for PACE-enabling legislation in Utah, please, click here.

The City of Ann Arbor approves PACE bond issuance

The Ann Arbor city council has approved the issuance of bonds that will assist owners of commercial property in making improvements designed to help save energy under the city’s property assessed clean energy (PACE) program. The vote was taken at the council’s Feb. 19. Read

PACE Industry Updates

Ann Arbor’s PACE Program Location: Ann Arbor, MI The Ann Arbor PACE program has pooled together 8 local energy efficiency projects totaling approximately $900,000. The next steps in the PACE bond process are for City Council to vote on a resolution to allow the City

In Ohio, 50 Completed Energy Efficiency Projects

TOLEDO, Ohio, Feb. 15, 2013 – The Toledo-Lucas County Port Authority’s BetterBuildings Northwest Ohio program has surpassed its milestone of over 50 completed energy efficiency projects since its inception in June 2010. Energy efficiency project sizes range from $25,000 to over $5 million in costs.

Commercial PACE Securitization in 2013

Kroll Bond Rating Agency discussed the possibility of commercial PACE securitization in 2013. According to the Agency, PACE is one of the first renewable energy-backed asset types with a high potential to be securitized. Read full article to learn more about KBRA’s approach to reviewing