One financing mechanism for energy efficiency improvements that has been gaining traction in the commercial building market is Commercial Property Assessed Clean Energy (C-PACE.) However, of the over 1,000 C-PACE transactions closed to date, only 15 are in affordable multifamily housing properties. Can C-PACE be more effectively used to make efficiency upgrades in this underserved sector?
Please join the Sustainability in Affordable Housing Lender Learning Network for a webinar during which we’ll answer this question based on findings from the new report Commercial PACE for Affordable Multifamily Housing and based on the experiences gained in closing those few successful projects.
Peter Adamczyk, Principal Consultant at Vermont Energy Investment Corporation and a lead author of the report, will share takeaways from the report on why uptake of financing efficiency through C-PACE has been slow in the multifamily sector and how the sector can better utilize C-PACE. Bracken Hendricks, CEO of Urban Ingenuity, will give examples of successful multifamily C-PACE projects and explain why, given many options for financing efficiency, C-PACE could play an especially key role in increasing the affordability and stability of multifamily properties. Mark Thielking, Executive Director of EnergizeNY, will provide details on how EnergizeNY has successfully worked with multifamily building owners in NY to finance efficiency projects through C-PACE.