City of Deltona Alerts: Beware of unauthorized PACE Program offers.

Written by Kristen Schmutz

Belden Communications News

The City of Deltona wishes to caution all residents about certain financial companies making claims about their association with the State of Florida PACE Program. This program offers financing options for property owners, both residential and commercial, to undertake renewable energy improvements on their properties. The financing then adds loan payments to the property owner's tax bill.

While these loans may initially seem attractive due to their low up-front costs, property owners should be aware that they are subject to long-term special assessments tied to liens. Consequently, some property owners may experience a significant increase in their tax bill.

It is essential to clarify that the City of Deltona does not have any agreements or affiliations with any financial agencies regarding the PACE Program. Therefore, we advise all individuals contemplating such loans to exercise caution and seek legal counsel from an attorney before entering into any contractual agreements.

Residents' financial well-being and property investments are of utmost importance to the City of Deltona, and they want to ensure residents are well-informed and protected from any potential risks.