The goal of PACE programs from the onset was to finance renewable and efficiency upgrades to existing buildings, but the financial product is proving useful for new construction and gut rehabilitation as well. In fact, lenders anticipate this trend to continue while capital flows at an ever-increasing pace towards green investments nationally. Meanwhile, New York City's PACE program expects to be up and running for early next year per, Fred Lee, co-chief executive of the NYCEEC.
Full Article: Joe Gose | The New York Times
