Full Name

California Statewide Communities Development Authority Stonehill-Non Residencial

Tax Bill Abbreviation

CSCDA STONEHILL-NRES

Type

Special Assessment

Contact Information

DTA (Formerly David Taussig and Associates)
(800) 969-4382

Description

These charges are for a Non-Residential Property Assessed Clean Energy (PACE) program which enables commercial property owners to obtain long-term financing of privately owned improvements that increase energy efficiency or water conservation.  PACE assessments are added to the property owner's tax bill allowing them to pay the assessments along with their property taxes over the period of time for which the financing has been negotiated.  PACE assessments create a lien on the property which remains until the amount financed has been paid in full.

The California Statewide Communities Development Authority (CSCDA) is a statewide joint powers authority whose mission is to provide local governments access to low-cost financing for projects that provide tangible public benefit, contribute to social and economic growth, and improve the overall quality of life in local communities.  The CSCDA offers the Open PACE-Stonehill Program within participating communities through the State of California to encourage investment in renewable energy sources and energy and water efficiency improvements.