Reaffirming Our Mission To Help Homeowners Get the Funding They Need for Home Improvements

In an effort to recap our recent Naples Daily News feature, we’re reaffirming our unwavering dedication to helping Florida homeowners like you attain the crucial home upgrades they need to protect themselves and their loved ones.

At Florida PACE, we remain steadfast in our mission of helping Florida homeowners get the energy-efficient and storm-hardening home improvement repairs, replacements and upgrades they need to keep their homes safe, resilient and sustainable through the Property Assessment Clean Energy (PACE) program.

In the face of recent media scrutiny, we want to clarify our position and dispel any misconceptions about the valuable services we provide.

How Florida PACE Supports Homeowners

Here are five ways in which Florida PACE is committed to supporting Florida homeowners in getting the invaluable home improvements they need:

1. Enabling Essential Home Upgrades

We are dedicated to facilitating essential energy-efficient and storm-hardening home improvement projects for our valued homeowners. Understanding this urgency, we actively provide financing options for vital roof replacements, windows and doors, which are crucial in safeguarding homes against natural disasters and securing homeowners insurance.

2. Ensuring Clarity Through Transparent Financing Practices

We want to set the record straight on certain misconceptions. At Florida PACE, we empower homeowners by allowing them to choose their contractors and ensuring a transparent and informed decision-making process, including audio-taped telephone calls. Our interest rates are slightly higher than Home Equity Lines of Credit (HELOCs) and drastically lower than credit card companies.

3. Offering Viable Financing Alternatives

Recognizing that not everyone qualifies for traditional home improvement loans and/or credit cards, we provide accessible options, enabling homeowners to begin their crucial renovations without delays. Our goal is always to provide a seamless and efficient process, promoting accessibility for all.

4. Commitment to Public Interest and Upholding State Mandates

Our commitment to state interests and public welfare remains at the forefront of our endeavors. We have actively supported Florida’s compelling state interests, providing substantial financing for hurricane-hardening and energy-efficiency initiatives — all while ensuring taxpayer funds remain untouched.

5. Strengthening Communities and Changing Lives

Our work makes a tangible difference in the lives of our community members. By providing accessible financing options, we empower homeowners to take charge of their home improvements, contributing to the overall well-being and resilience of neighborhoods throughout Florida.

In a recent survey of PACE borrowers, 85% of respondents stated they would recommend the program to friends and family, and 92% commented that they were treated professionally and courteously throughout the process.

Expert Analysis of Florida PACE’s Economic Impact by Dr. Sean Snaith

We recognize the importance of expert analysis in understanding the economic implications of our work. Dr. Sean Snaith, an award-winning forecaster and economist, has provided a comprehensive analysis of the impact of the Florida PACE program, shedding light on its significance on the state’s economic landscape:

“In the current economic environment, the ability to self-finance via savings, the types of projects funded by the Florida PACE are only a possibility for a small percentage of households in Florida.”

“The recent changes in the economic, financial and insurance markets have sent borrowers flocking to the PACE program as a last resort to provide essential funding for improvements that are needed to keep insurance for their properties or to help mitigate significant jumps in insurance premiums that many across the state have been facing.”

“The PACE program has been well received by those borrowers who need it and has high rates of customer satisfaction. As is the case with any new program, concerns were raised as the program got underway, and along the way, some have been critical of the program.”

Learn more about Florida PACE in Sean Snaith’s analysis now. 

Partner with Florida PACE to Fund Your Home Improvement Projects

We remain committed to ensuring that Florida homeowners have access to the necessary resources to fortify their homes and secure their future. We stand by our principles of transparency, empowerment and community resilience, and if you’re in need of home improvements, we invite you to be a part of this journey with us.

Contact us to learn more about how we can support you and your home improvement projects.