Property Assessed Clean Energy (PACE) Loss Reserve Program
Designed to mitigate the potential risk to mortgage lenders associated with residential PACE financing.
If you have any questions about the PACE Loss Reserve program, please contact Ashley Bonnett at (916) 651‑5100.
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 retrofit their homes without putting any money down and repay via property tax bills. The PACE Loss Reserve Program’s goal is to increase availability of 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.