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Colorado C-PACE project financing is repaid via a voluntary assessment (lien) placed on the property by the County tax assessor and assigned to the financial institution that provides financing for the energy efficiency improvement project.  Since the Colorado C-PACE assessment has priority lien status, similar to a sewer assessment, the existing mortgage holder will be asked to provide its consent to the Colorado C-PACE financing. Such consent is entirely voluntary on the part of the mortgage holder.