Greg Frost Frost: “PACE opens up access to these more-efficient technologies, these clean-energy technologies that people otherwise couldn’t have afforded.”

SAN DIEGO—Elements like energy-efficient systems, well-insulated windows and Energy Star appliances will fetch as much as $11,000 extra from home buyers, Renovate America’s national communications director and spokesperson Greg Frost tells The organization, the nation’s largest provider of residential Property Assessed Clean Energy financing, recently closed its ninth securitization of PACE infrastructure bonds.

The securitization, HERO Funding 2016-4, includes $284 million of class-A1 and -A2 notes rated AA by Kroll and AA by DBRS. With the ninth securitization, Renovate America has now issued more than $1.9 billion worth of bonds, all of which have helped to improve residential infrastructure while creating local jobs that cannot be automated or moved offshore.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.