HERO PACE financing program extends its reach to additional cities in Missouri

Written By: Stratton Report
November 30, 2016

Hero Program

On November 30, the HERO Program announced an expansion of the availability of its PACE financing in Missouri.

The program, administered by Renovate America and the Missouri Clean Energy District, has become available in the City of North Kansas City as well as the Clay County and Platte County portions of Kansas City; the City of Arnold; all of Franklin County; and in the following cities in St. Louis County: Ballwin, Berkeley, Black Jack, Crestwood, Charlack, Chesterfield, Ellisville, Eureka, Ferguson, Hazelwood, Olivette, Town and Country, University City and Valley Park.

According to the program, since launching in Jackson County, Missouri in September, it has financed more than $1 million in energy and efficiency improvements across over 70 homes.

David Pickerill, executive director of MCED, remarked:

“HERO overcomes challenges that have slowed the adoption of energy efficiency and related technologies in our state. By financing only efficient solutions, HERO creates a golden opportunity to upgrade Missouri’s housing stock.”[/

The Missouri Clean Energy District emphasized that it is a statewide political subdivision established to provide capital to fund energy efficiency and renewable energy projects through PACE financing.

Renovate America utilizes a fintech market platform for home improvement and commercial retrofits, and partners with state and local governments to offer communities the HERO Program. Renovate’s HERO program claims $2 billion of home improvements financed.