The Energy Improvement Corporation (“EIC”) of New York, a New York Local Development Corporation, has established a Commercial Property Assessed Clean Energy Program (“PACE”) to provide financing to property owners in participating municipal member jurisdictions throughout New York State. Orange County became a municipal member in 2013. This allows eligible property owners in all its towns and villages to apply for PACE financing. EIC acts as a constituted authority on behalf of its municipal members pursuant to a municipal agreement and is charged with the administration of the PACE Financing Program, including the issuance of debt to permanently fund eligible loans to property owners. PACE financing is available to eligible commercial, industrial, manufacturing, agricultural, multifamily (>4 units) and institutional property owners for eligible energy improvements that are permanently affixed to their privately owned existing structures.