The fourth securitization of Property Assessed Clean Energy (PACE) bonds via the HERO Funding Trust is slightly more geographically diverse.  This time, the collateral includes PACE bonds issued by the County of Los Angeles.

HERO Funding Trust 2015-3 will offer $201 million of bonds backed by 32 limited obligation improvement bonds issued by either LA County, the Western Riverside Council of Governments, or San Bernardino Associated.

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