SB 635 introduced by Senator Yudichak has been signed by the Governor and is now Act 43 of 2022. This legislation will expand the Commercial Property Assessed Clean Energy Program to allow for CPACE financing on multi-family housing, indoor air quality improvements, and resiliency projects for new and existing commercial construction. Read on for the economic, social, and environmental impact that C-PACE is anticipated to have on the construction industry in Pennsylvania.
Interested in how to use CPACE to add value for your clients? Join us for a webinar later this summer on CPACE where we will discuss how to introduce this funding as part of your capital stack. Special thanks to all stakeholders and members that reached out to their legislators on SB 635 because of your advocacy this program will be expanded in Pennsylvania!