Whether resilience efforts are reactive or proactive, tools exist for cities to take a holistic approach to resilience in the buildings sector that can yield higher-performing buildings (in both existing buildings and new construction), healthier economies, and better communities that emit less carbon and lessen future impacts on climate change.
One such tool is Property Assessed Clean Energy (PACE) financing. PACE allows the incremental cost of energy-efficient and hurricane-resilient reconstruction to be covered through financing secured by a special incremental property tax assessment. The ongoing savings to the owner — whose energy bill would be negligible — more than covers the payments due under the PACE financing.