Resiliency and Recovery

  • Date:  9 September 2021
  • Source: CounterpointeSRE

As severe weather events challenge the built environment, designing for resiliency is becoming an important factor for architects and designers. Emerging C-PACE programs are calling themselves C-PACER to emphasize the financing of  resiliency and disaster mitigation measures.

CounterpointeSRE is proud to deploy capital for resiliency projects, and the opportunity is growing. The general basis of PACE as a public-private partnership has positioned the financial tool as a component of climate legislation – see New York City’s inclusion of the policy in its Climate Mobilization Act – but the program is of equal importance when it comes to resiliency.

Resiliency: C-PACER
California municipalities such as San Francisco, where CounterpointeSRE was selected as the city’s financing partner for its mandated soft story retrofit program, have long supported seismic strengthening projects with PACE. In recent years, state legislature has expanded eligible measures to include resistance to wildfires. Meanwhile emerging programs in Washington State and Oregon are not only including resiliency (seismic) measures, the Washington program will include the term “resiliency” in its name (PACER) as a point of focus.

Since 2015, CounterpointeSRE has exceptional expertise financing seismic retrofits with C-PACE.

Click here to learn more.

National Eligibility Guidebook:
Several states currently have enabled PACE financing of resiliency and more are amending legislation each year. All resiliency measures are allowed in Alaska, Illinois,  Oklahoma, Rhode Island, Tennessee, Virginia, and Washington, while some states allow financing for seismic, wind, fire, flood, and/or stormwater measures (e.g. California, Washington D.C., Florida, Nebraska, New Jersey, Oregon, and Utah).

To review eligible products on a national scale, please request a download of our eligibility guidebook here. 

Beyond Resiliency: 

As C-PACE programs expand to support a wider list of projects, some states  PACE to be used to finance any measure that preserves natural resources, reduces carbon emissions, and more projects that promote the common good.