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Keeping PACE with Revolving Loan Programs in Green Building

By: Luke Bujarski
Local governments continue to put public dollars to work saving both the environment and money on property owners’ energy bills.  Through creative financing methods known as Property Assessed Clean Energy or PACE programs, communities are opening access to capital for energy audits and property retrofitting of existing buildings.  Twenty-three states have adopted legislation allowing public funds to be used by private owners looking to retrofit their properties.  While resistance from the mortgage industry has stalled progress in the residential sector, a renewed focus on commercial  properties has charted …