Major movements in C-PACE market development occurred last year (2019), as geographic areas opened in large East Coast and Midwest cities thanks to state enabling legislation and city-council adoption.

In the fourth quarter of 2019, the first transaction in the Windy City closed, enhancing publicity for the alternative finance tool. CounterpointeSRE  provided $21.25 million in C-PACE financing toward the capital stack, for redevelopment at the historic Continental and Commercial Bank Building, a Chicago Landmark.