One sentence carries the whole program, and this two-pager unpacks it phrase by phrase: an annual assessment on your property, paid through your tax bill, secured only by the property, non-recourse to you personally, funding improvements the property needs anyway. Followed by the five things C-PACE will not do — no new mortgage, no foreclosure right, no personal guarantee, nothing on your personal credit, no default on your existing mortgage where your lender consents. It then takes on the word that stops most owners cold. C-PACE does create a lien; so does your mortgage, and so do your property taxes. What matters is what the lien holder can do, and the answer is set out side by side.
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