ONLINE: PACE funding and affordable housing projects – Isthme
press release: Find out about the PACE Wisconsin program and how Clean Energy Rated by Commercial Properties (C-PACE) can work with affordable housing and a workforce new construction and rehabilitation of existing properties.
C-PACE is an important financing tool for homeowners of affordable and labor-intensive multi-family housing, bringing new capital to housing projects using expected utility savings to pay for efficiency improvements.
C-PACE can also be used to fill a funding gap. Speakers from PACE Wisconsin, National Equity Fund (NEF), Elevate Energy and Dane County explain how C-PACE can work in affordable housing and how workforce development and discuss the complexities priority of privileges.
For developers new to C-PACE, this is an opportunity to learn how C-PACE can be used to finance clean energy and efficiency projects that reduce building operating costs. Energy and water saving projects such as HVAC upgrades, lighting and efficient appliances can save 20-30% on utility costs.
Most C-PACE project sizes in the PACE Wisconsin program are between $ 250,000 and $ 4,000,000 million.
Renewable energy projects and rehabilitation, such as rooftop solar power, can offset the building’s electricity use, which also saves money. NEF is committed to providing C-PACE, LIHTC and traditional equity loans to build affordable and workforce housing.
Developers, landowners and interested municipal community representatives are invited to attend!