The city just made it easier for developers and landlords to secure financing for green technologies in their buildings. Will it be enough?
It is no secret that the Commercial Property Assessed Clean Energy program, or C-PACE, got off to a dreadful start, with only a handful of projects getting the low-interest financing.
The city last week finalized new guidance — to complement that issued by the state in June — that clears some hurdles for developers and owners looking to finance green building upgrades.