HUD Subsidized Housing – Reduced operating expenses with increased energy efficiency

$435,014 / $631,868

25YR TERM FIXED RATE C-PACE FINANCING

$1,869,465 / $3,501,389

IN ENERGY SAVINGS OVER THE LIFE OF THE PROJECT

61% / 33%

REDUCTION IN UTILITY USEAGE

HUD Subsidized Housing
Fontana, CA

The Challenge

Senior Citizens Housing Development Corporation of Fontana (SCHDC) was looking for a way to finance much needed energy improvements and go green and preserve capital on two of their apartment complexes.

The HASRE Solution

With lender consent from HUD, SCHDC was able to use CounterpointeSRE fixed rate, long-term C-PACE financing, covering 100% of the improvements.

The Result

Reduced operating expenses, increased energy efficiency and “greener,” more self-sufficient buildings.

HASRE is partnership between Counterpointe Sustainable Real Estate and Hannon Armstrong.