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BUILDING INDUSTRY ASSOCIATION of Philadelphia

News & Resources

C-PACE Project Financing: A Case Study with Mosaic Development Partners

The BIA's Building Innovation Committee hosted a session on how C-PACE financing was successfully used for Golaski Labs, a mixed-use development in Germantown.

Commercial Property-Assessed Clean Energy (C-PACE) is a financing structure that allows commercial property owners to obtain financing for eligible energy and water savings projects through private capital providers, and to repay the financing through a special assessment similar to a property tax assessment.

By exceeding the current code requirements for energy efficiency, water conservation, and/or installing solar or other renewable energy on-site, this innovative financing tool allows borrowers to save money on operating expenses, replace more expensive equity or mezzanine debt, and improve the overall performance of the building.

C-PACE can be applied to recently completed projects and projects in the planning stages.

Learn more about this program and specifically how it was applied to a mixed-use property including multifamily residential. Click here to view the recording using the passcode C-PACE#7.13.2021. You may also download the presentation slides below.

Speakers:

Leslie Smallwood-Lewis, Founder & Co-Owner, Mosaic Development Partners, Mosaic Slides

Lisa Shulock, Program Consultant, Philadelphia Energy Authority, PEA Slides

Shelah Wallace, Greenworks Lending, GL Slides

Golaski Labs, Mosaic Development Partners

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