PACE is a voluntary financing mechanism that can help property owners reduce utility costs and comply with the CMA’s building emissions limits. Unlike conventional financing, PACE is repaid in installments through a charge on the subject property’s tax bill. This feature provides for longer term, flexible financing.
NYC Accelerator’s PACE program allows pre-qualified private lenders to offer PACE financing to their customers. The resources below provide more information on PACE financing, guidelines for PACE financing in New York City, and the process by which lending institutions can pre-qualify.
PACE loan requirements, eligibility, and closing process.
Brief descriptions of program elements and proposed upcoming changes based on discussions with stakeholders.
Find out how PACE benefits property owners, tenants, contractors and lenders.
For financial organizations seeking to originate PACE loans.
Mutual confidentiality agreement for prospective lenders.
PACE Financing fee schedule.
Below is a list of lenders that are pre-qualified for the C-PACE Program. Organizations seeking to pre-qualify should review the Pre-Qualified Lender RFQ above.