PACE Financing Program

Rule status: Proposed

Agency: DOF

Comment by date: June 22, 2026

Printable Version of Proposed Rule Text
Certified-DOF-Proposed-Amendment-of-Rules-Relating-to-PACE-Financing-Program.pdf

The New York City Department of Finance (“DOF”) is proposing amendments to the rules implementing Local Law number 96 for the year 2019, which created the Sustainable Energy Loan Program (“Program”) within the City of New York (“City”). The Program is intended to encourage energy efficiency improvements and the installation of renewable energy systems that save energy and reduce utility costs in the City. The proposed amendments would remove an existing requirement that the full loan amount be considered disbursed as of loan closing, and instead would allow the loan to be provided in installments in a manner by which interest accrues only on the loan funds that have been disbursed, ultimately reducing financing costs for borrowers.

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Email: [email protected]
Fax: 1 (212) 748-6982
Mail: NYC Department of Finance, Legal Affairs Division, 375 Pearl Street Room/Floor: 30th Floor ; New York, New York 10038

Public Hearings

Attendees who need reasonable accommodation for a disability such as a sign language translation should contact the agency by calling 1 (212) 748-7214 or emailing [email protected] by June 15, 2026

Monday Jun 22 - 11:00am EDT

Date

June 22, 2026
11:00am - 12:00pm EDT

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To participate in the public hearing, enter the URL https://www.microsoft.com/en-us/microsoft-teams/join-a-meeting. If prompted to provide the meeting ID, please enter: 269 960 940 887 188; If prompted for a passcode, please enter the following: sb6hi7JF. You can also participate in the hearing via telephone by calling (646) 893-7101. The Phone conference ID: 849 470 359#

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Comments close by June 22, 2026

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