PACENow » General PACE Information http://pacenow.org/blog Thu, 17 May 2012 20:47:11 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Introduction to PACE Financing http://pacenow.org/blog/2010/07/introduction-to-pace-financing/ http://pacenow.org/blog/2010/07/introduction-to-pace-financing/#comments Sat, 10 Jul 2010 23:23:28 +0000 anthony http://pacenow.org/blog/?p=174 A. Slide Introduction to PACE – Washington D.C. Presentation (10-6-09)
B. 2009 Milken Institute PACE Finance Panel (Audio) (4-29-09)
C. Details of PACE Programs
D. PACE Market Sizing (Commercial) – Johnson Controls Estimate
E. PACE Explained in Simple Terms

]]> http://pacenow.org/blog/2010/07/introduction-to-pace-financing/feed/ 0 Brief History of PACE http://pacenow.org/blog/2010/07/brief-history-of-pace/ http://pacenow.org/blog/2010/07/brief-history-of-pace/#comments Sat, 10 Jul 2010 23:07:49 +0000 anthony http://pacenow.org/blog/?p=167 The ability for our nation to finance energy retrofits with PACE bonds emerged in 2008 with the passage of enabling legislation in California. In recognition of the large benefits of PACE finance, the following states have recently passed enabling legislation: CA, CO, FL, GA, IL, LA, ME, MD, MN, MO, NV, NH, NM, NY, NC, OH, OK, OR, TX, VT, VA, WI, and legislation is pending in Arizona. Florida and Hawaii have existing ability to launch PACE programs. The first PACE bond was issued by Berkeley, CA in January, 2009.

]]> http://pacenow.org/blog/2010/07/brief-history-of-pace/feed/ 0 Related Articles/Links http://pacenow.org/blog/2010/07/related-articleslinks/ http://pacenow.org/blog/2010/07/related-articleslinks/#comments Sat, 10 Jul 2010 19:30:37 +0000 anthony http://pacenow.org/blog/?p=236 A. University of California, Berkeley PACE Website
B. Article on San Diego, Palm Desert, etc (1-26-09)
C. Environment Magazine PACE Finance Article (Jan/Feb 2009)
D. Homeowner Presentation
E. Historical State by State Analysis of Housing Units By Structure
F. Commercial/residential Real Estate Default History

]]> http://pacenow.org/blog/2010/07/related-articleslinks/feed/ 0 PACE and Existing Mortgage Lender: Legal Analyses http://pacenow.org/blog/2010/07/pace-and-existing-mortgage-lender-legal-analyses/ http://pacenow.org/blog/2010/07/pace-and-existing-mortgage-lender-legal-analyses/#comments Sat, 10 Jul 2010 19:20:18 +0000 anthony http://pacenow.org/blog/?p=225 A. PACE Programs: Historical Precedent, Seniority and Benefits to Existing Lenders
B. PACE Bloomberg Law Article (Jan 2010)
C. Jones Hall Memo: Consent Legal Analysis (5-14-09)
D. Commercial Mortgages: Legal Consent Issues & Solutions (5-2009)

]]> http://pacenow.org/blog/2010/07/pace-and-existing-mortgage-lender-legal-analyses/feed/ 0 Municipal Administration of PACE Bond Program http://pacenow.org/blog/2010/07/municipal-administration-of-pace-bond-program/ http://pacenow.org/blog/2010/07/municipal-administration-of-pace-bond-program/#comments Sat, 10 Jul 2010 19:10:32 +0000 anthony http://pacenow.org/blog/?p=210 A. Simple Steps: How to Implement a PACE Program
B. PACE Local Government Guide (9-2009)

]]> http://pacenow.org/blog/2010/07/municipal-administration-of-pace-bond-program/feed/ 0 Advantages of PACE Financing http://pacenow.org/blog/2010/07/advantages-of-pace-financing/ http://pacenow.org/blog/2010/07/advantages-of-pace-financing/#comments Fri, 09 Jul 2010 23:18:47 +0000 anthony http://pacenow.org/blog/?p=171 Our Nation:

  • Significant job creation
  • Accelerates movement toward energy independence & reduces GHG emissions
  • Very low fiscal cost & high probability of success

Property Owner:

  • Lower energy bills and substantially reduced upfront costs for energy retrofits
  • Improved return on investment/positive cash flow on retrofits (annual savings > cost)

States, Cities & Municipalities:

  • Immediate job creation
  • No credit or general obligation risk
  • Obligation is liability of real estate owner
  • Greenhouse gas reductions/energy independence
  • Opt in: Only those real estate owners who opt in pay for it

Existing Mortgage Lenders:

  • Borrowers cash flow/credit profile improves (energy savings > annual tax cost)
  • Property/collateral value increases

Lender:

  • Virtually no risk of loss as property tax liens are senior to mortgage debt
  • 97% of property taxes are current & losses are less than 1%
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