PACE Financing for NYC Property Owners
Multifamily | Office | Industrial | Retail | Hospitality | Healthcare | Mixed Use
Owners of existing buildings can secure PACE financing for energy-saving capital improvements to their property(ies).
From Brooklyn to the Bronx, the five boroughs feature countless opportunities for owners to invest in enhanced building performance.
By way of example:
- a multifamily owner can replace end-of-life infrastructure such as roofing, and in doing so add a green roof to enhance common areas
- an office can invest in building management systems and indoor air quality monitors as part of a COVID-19 preparedness strategy
- an industrial or manufacturing facility can add solar and storage solutions to drive down operating expenses and ensure resiliency in the event of a power outage
- a mixed-use property with a mandate to make facade improvements based on Local Law 11 (Façade Inspection & Safety Program (FISP)) can explore using PACE financing to improve the overall building envelope for both safety and energy efficiency.