Curbed Chicago Introduces Chicago PACE

How a new city-backed program will help Chicago developers go green

December 4, 2019

How a new city-backed program will help Chicago developers go green

A Loop hotel conversion is the first project to take advantage of new financing

December 4, 2019 article by Jay Koziarz in Curbed Chicago previewed here: 

The city of Chicago is rolling out a new loan program aimed at encouraging property owners and developers to make clean energy improvements. If it catches on, the system could play a vital role in increasing sustainability while boosting economic development.

Known as Chicago Property Assessed Clean Energy (PACE), the program offers low-cost financing for energy-efficient improvements in new and existing buildings such as solar panels, green roofs, and water-saving devices.

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