Connecticut Securitizes First Ever Commercial Efficiency Loan Portfolio
On May 19, 2014, the Clean Energy Finance and Investment Authority and nationwide Property Assessed Clean Energy (PACE) investor Clean Fund announced a deal to securitize $30 million in commercial PACE benefit assessment liens. The sale represents the first known commercial efficiency portfolio securitization in the United States. The program closed on 23 projects and approved an additional 10, with 75 more in the pipeline. Read more.