For local governments, PACE is an economic development engine capable of fueling skilled local job creation, energy savings and carbon emission reductions. PACE also attracts global investment bond capital into local communities across the country through public-private partnerships with companies like Renovate America, adding economic stimulus while improving local housing stock. All of this is accomplished through a voluntary offering that requires no public spending to support.
PACE meets broad public policy objectives.
Expands access to home improvement financing for homeowners who have equity in their homes, but may not have high enough FICO scores to access other options, or need to spread payments over a longer term.
Improves how the home improvement marketplace works by enforcing standards of conduct and best practices on contractors, and monitoring contractor performance.
Removing a barrier to making a meaningful investment in your home because a future buyer may be able to assume responsibility for the PACE assessment payments at the time of sale.