Property Assessed Clean Energy (PACE) Loss Reserve Program

The PACE Loss Reserve Program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with partners and lenders to support PACE financing for energy or water efficiency and clean energy home improvements. Property owners in a PACE-designated area can use PACE financing to for the above home improvements without a down payment and repayment included in their property tax bills. The PACE Loss Reserve Program’s goal is to enable residential PACE financing by making first mortgage lenders whole for direct losses as a result of a PACE lien in a foreclosure or forced sale.