NYC releases new construction guidelines for the C-PACE program
NYC Program Releases Updates Just this week, New York City releases its C-PACE program guidelines. The guidelines are expected to pave the way for new construction and energy retrofits on thousands of NYC buildings. • New Construction and Major Renovations must be defined as a “Low Carbon Building” • C-PACE loans are capped at 30% of the total construction…
Read MoreShould Your Financing Make Space for C-PACE?
Insights & Perspectives 08/07/24 By: Steve McGee | Rob McAdams With the higher interest rate environment constraining banks and seniors housing and healthcare borrowers alike, there may be value in knowing more about C-PACE. An acronym for commercial property-assessed clean energy, C-PACE is a financing structure that was created to encourage developers and owners to incorporate…
Read MoreYonkers NY Apartments Tap Bayview PACE for $3.5 Million in Innovative C-PACE Retrofit Financing
Bayview PACE provided $3.5 million in C-PACE financing for energy & resilience improvements for 17-year-old apartment/retail building in upstate New York. Demonstrating the retrofit feature of C-PACE funding, a 170-unit multi-family project completed in 2007 utilized the innovative finance tool for upgrading its energy/resiliency components Coral Gables, FL and Yonkers, NY (Aug. 16, 2024)…
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