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PACE Funding Approved as Administrator of CSCDA Open PACE Program

October 15, 2015
California Statewide Communities Development Authority (CSCDA) this year launched its Open PACE platform as a turnkey solution for residential and commercial property owners to finance renewable energy, energy efficiency and water efficiency improvements via a voluntary property assessment placed on a property owners’ property. 
CSCDA is pleased to announce the addition of PACE Funding to its offering of Open PACE Program administrators. The Open PACE Program now will allow city and county property owners to access CaliforniaFIRST, AllianceNRG and PACE Funding through the adoption of a one-time resolution.        
PACE Funding CEO Robert Giles said “We are excited to be able to roll out our financing product to the California market through CSCDA. CSCDA has a long track record of bringing innovative financing programs to California municipalities and Open PACE will be yet another success for them”.
To learn more about Open PACE please visit the CSCDA website
CSCDA was created in 1988, under California’s Joint Exercise of Powers Act, to provide California’s local governments with an effective tool for the timely financing of community-based public benefit projects. CSCDA is sponsored by the California State Association of Counties and the League of California Cities. Currently, more than 500 cities, counties and special districts have become Program Participants to CSCDA.

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