What are the benefits of C-PACE financing for developers?

C-PACE financing allows developers to access affordable, fixed-rate, non-recourse financing for up to 20 percent of their total eligible construction cost, provided they design their building to meet or exceed IECC 2018. In addition, there is no out-of-pocket expense upfront and a personal guarantee is not required. The money can be used to reduce the developer’s equity contribution or other forms of high-cost capital, and the builder ends up with a more efficient, more valuable, and more competitive building.