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