What’s a PACE bond? And why do New York homeowners want to know?

In November 2009,the New York State Legislature passed Property Assessed Clean Energy (PACE) legislation. As of November 23, 2009, the bill had not been signed by the Governor, although he has indicated his support for it. The legislation allows municipalities to establish a PACE program in order...

Keeping PACE? Property Assessed Clean Energy (PACE) program at risk

A previous blog entitled "What's a PACE bond? And why do New York homeowners want to know?" addressed New York PACE legislation. That legislation has been enacted by the governor. A number of other states have passed PACE laws in recent years. A key component of a PACE lien...

Foley & Lardner LLP: Commercial PACE Funding Models Race to Finish Line

By Emerson M. Lotzia Property Assessed Clean Energy (PACE) legislation has been enacted in 27 states and the District of Columbia and will offer significant opportunities for owners of commercial facilities (e.g., office, retail, and industrial) (Owners), PACE lenders and bondholders (Program...

PACE Financing: Recent Controversy and Litigation

There is a continuing controversy over Property Assessed Clean Energy (PACE) financing, which provides loans for improving energy efficiency in buildings. After describing PACE programs and discussing why their future is threatened, J. Cullen Howe reviews recent litigation that could affect the status...