PACE

Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

It wasn’t until the work was done that Marcelino and Josefina Rodriguez said they learned the truth.

They had been signed up for a roughly $45,000 PACE home improvement loan at nearly 10% interest — even though they said a woman working with the contractor told them their new roof and water heater would be free through a government program.

The Rodriguezes contacted the authorities, but the nearly $4,500 annual bill came due anyway — a financial hit for the household of four who scraped by on less than $30,000 each year as garment workers paid by the piece.

If they didn’t pay, Marcelino, 67, and Josefina, 64, could lose the Pacoima home they’ve owned since 2001, one that provided them and their sons stability after years of bouncing from rental to rental. So to get by, they started selling food and one of their sons said he exhausted his

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L.A. County ends controversial PACE home improvement loan program

Los Angeles County has ended its controversial PACE home improvement loan program, a decision that follows years of criticism that the county enabled predatory lending and put people at risk of losing their homes.

County officials — who launched the PACE program in 2015 to fund energy- and water-efficient home improvements — said they made the decision after determining the program lacked adequate consumer protections.

Homeowners repeatedly alleged the private home improvement contractors who signed them up for PACE misrepresented how the financing would work, saddling them with loans they could not understand or afford.

The county also faced lawsuits alleging that government authorities failed to properly oversee the private lenders it partnered with to issue loans that, if unpaid, could lead to foreclosure.

The criticisms mirror complaints directed at other Property Assessed Clean Energy, or PACE, programs across California that fund environmentally friendly home improvements such as solar panels,

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