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PACE Axed in LA County

June 1, 2020

Los Angeles County has ended its controversial PACE home improvement loan program, after determining the program lacked adequate consumer protections. The PACE program—Property Assessed Clean Energy—provided loans to homeowners who purchased energy efficient upgrades.  Homeowners repeatedly alleged the private home improvement contractors who signed them up for PACE misrepresented how the financing would work, saddling them with […]

Filed Under: CVAR Connect, Government Affairs, Industry News Tagged With: #Cvarmember, contractors, cvarconnect, Department of Consumer and Business Affairs, Eco Solar Home Improvement, NCLC, PACE loan, Spanish-speaking, TheRealDeal

Change of PACE for 2018

January 3, 2018

Gov. Jerry Brown signed into law two measures that took effect on Monday, Jan. 1, 2018 and fundamentally reshape and improve PACE financing in its biggest market. Renovate America strongly supported the new laws, which create a landmark consumer-protection and regulatory framework for PACE by enhancing disclosures, strengthening contractor oversight, and conditioning PACE on a […]

Filed Under: At A Glance, California News, Government Affairs, Pro Tips Tagged With: Federal Housing Administration, FHA, HERO Property, PACE, PACE loan, Renovate America

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