Affordable housing properties across the country have the opportunity to save money, increase bottom-line profitability, and improve the quality of life for low-income communities by taking advantage of an underutilized financial tool: the Property Assessed Clean Energy (PACE) Program. As an innovative, market-based financing program, PACE enables property owners to obtain low-cost, long-term financing for energy and water efficiency, as well as on-site generation improvements to commercial, industrial, and multifamily properties. Municipalities and counties work with private sector lenders to fund clean energy projects, using a property assessment that ties the financing obligation to the property itself.