Peter E. Fisch, left, and Salvatore Gogliormella. Courtesy photo Revised PACE Financing Guidelines: What You Need To Know
In their Transactional Real Estate column, Peter Fisch and Salvatore Gogliormella focus on Commercial Property Assessed Clean Energy (C-PACE) financing as they discuss the basics of a PACE loan, including what it is, how it works, where it comes from and who qualifies.
March 29, 2022 at 10:00 AM
10 minute read
Property owners, ground lessees and real estate developers in New York City recently gained a new potential source of financing capital. On March 4, 2022, the New York City Mayor's Office of Climate & Environmental Justice and the New York City Energy Efficiency Corporation (NYCEEC) issued revised guidelines (the "Revised Guidelines") for the City's sustainable energy loan program known as the NYC Accelerator Property Assessed Clean Energy (PACE) financing program.
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