This rule provides for more accurate accounting of property owned by your nonprofit. The IRS also has special rules regarding quid pro quo donations. A quid pro quo donation is a charitable contribution in which the donor receives some good, typically of lesser value, in exchange for the contribution.
Property Assessed Clean Energy (PACE) financing is a financing option available to Los Angeles County property owners fund energy efficient, water-saving and renewable energy upgrade projects through an assessment on their property tax bills.
However, RMIâs research findings indicate that if Residential PACE is enabled to finance new construction, it can scale net-zero energy home construction. Can PACE be used for multifamily housing? Yes, multifamily projects can be financed with PACE, but they must use a commercial PACE program (as opposed to a residential PACE program) for any building with 5 or more units.