CPACE Program Structure 2

Question 1

Which entity typically administers a C-PACE program at the local level?

Accepted Answer

A state-chartered special assessment district or program administrator

Answer

C-PACE programs are administered through state-chartered special assessment districts or designated program administrators authorized by state enabling legislation.

Question 2

What role does a 'program administrator' play in C-PACE financing?

Accepted Answer

They oversee program compliance, coordinate between parties, and manage the assessment process

Answer

The program administrator coordinates between lenders, property owners, and local governments while ensuring compliance with program requirements.

Question 3

In a C-PACE transaction, who typically holds the lien on the property?

Accepted Answer

The local government or assessment district

Answer

The C-PACE assessment lien is held by the local government or assessment district, similar to a property tax lien.

Question 4

What is the typical maximum term for a C-PACE financing agreement?

Accepted Answer

25–30 years

Answer

C-PACE financing terms typically range up to 25–30 years, allowing repayment periods that align with the useful life of improvements.

Question 5

Which of the following correctly describes the 'voluntary assessment' nature of C-PACE?

Accepted Answer

Property owners opt in voluntarily; no assessment is placed without owner consent

Answer

C-PACE is strictly voluntary — property owners must apply and consent before any special assessment is placed on their property.

(CPACE) Commercial Property Assessed Clean Energy Practice Test

(CPACE) Commercial Property Assessed Clean Energy Practice Test

CPACE Program Structure 2