There are three compliance paths for CIRRUS Low Carbon verification: the Prescriptive Path, the Performance Path, and the Green Building Certification Path. The Prescriptive Path is, stated simply, a checklist. It is the most commonly used compliance path for CIRRUS Low Carbon. Under the Prescriptive Path, a project’s design must meet a set of…
Ready to have your cake and eat it too? PACE Equity offers the CIRRUS Low Carbon program that includes a practical design specification along with a significantly lower interest rate. This results in improved NOI and project returns – plus a long-term boost to property value. How does Design Guidance work? We offer (at no…
Banks have pulled back on their lending, leaving many developers facing a financing void. Sound familiar? This financing gap reflects today’s reality of tighter lending and higher interest rates. The option of using Commercial Property Assessed Clean Energy (C-PACE) to solve this financing challenge is gaining popularity. Historically, developers have seen PACE Equity as…
Alaska, New Jersey, New York City, New Mexico, Hawaii, Michigan – what do they have in common? Newly updated C-PACE legislation. They have either newly passed legislation allowing for C-PACE financing or have expanded existing programs. And they’re not alone. To date, 38 states plus Washington, D.C. have passed PACE legislation. Among them, 33 have…
Moody’s Analytics Chief Economist Mark Zandi shared an assessment of commercial real estate sectors, delivered at an exclusive online briefing for CRE professionals organized by the C-PACE Alliance and sponsored by PACE Equity. The discussion was part of a broad assessment of risks to the economy he presented in terms of both their likelihood, and…
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