Is there a time limit or a funding limit on the amount of financing available?

There is no short-term deadline in which to apply. The amount of funding available is significant. There are multiple PACE Providers and Approved Contractors from which to choose for a project. You should not feel rushed to enter into a financial agreement by any provider or contractor. 

Be a diligent, smart consumer and take time to research the program and any financing options available to you. Seek more than one project quote requesting written estimates that include a detailed scope of work with itemized cost estimates (e.g. materials, labor, permits, taxes, fees). 

There are potential individual limits for the amount of financing available to your property due to the consumer protections found in the County PACE ordinance. For residential properties, PACE Providers must ensure the following: 


    • The total amount of any non-ad valorem assessment for a property under the PACE Statute may not exceed twenty percent (20%) of the just/fair market value of the property as determined by the county property appraiser, excepted as otherwise provided by statute; 
    • All property taxes and other assessments levied on the property tax bill have been paid and have not been delinquent for the preceding three years, or the property owner's period of ownership, whichever is less; 
    • There are no involuntary liens, including but not limited to construction liens on the property; 
    • No notices of default or other evidence of property-based debt delinquency have been recorded during the preceding three years, or the property owner's period of ownership, whichever is less; 
    • All mortgage debt on the property is current and not delinquent; 
    • All mortgage-related debt on the underlying property may not exceed 90% of the property's fair market value; and
    • The total mortgage-related debt on the underlying property plus the PACE program financing may not exceed the fair market value of the property.

Show All Answers

1. What are the pros and cons of PACE?
2. How is PACE different from other financing options?
3. What is the interest rate for PACE financing?
4. What improvements qualify for PACE financing?
5. Is there a time limit or a funding limit on the amount of financing available?
6. Does a condominium qualify for PACE?
7. Do I have to pay the remaining PACE assessment in full if I sell my property?
8. What happens if my PACE assessment is not paid?
9. Can I pay my PACE assessment early?