Financing of Multifamily Seismic Retrofit in SF Marks 6th Year of PACE for Resiliency
Date: 24 May 2022
The Mandatory Soft Story Retrofit Program (MSSP) was created in 2013 as a multi-year community-based effort led by the Earthquake Safety Implementation Program (ESIP) and enforced by the Department of Building Inspection to ensure the safety and resilience of San Francisco’s housing stock through the retrofit of older, wood-framed, multi-family buildings with a soft-story condition.
Since the San Francisco program launched, CounterpointeSRE has received applications from over 500 San Franciscans to finance improvements to the city’s infrastructure. To view summaries of many of the projects, please visit counterpointesre.com/seismic-projects.
About Counterpointe Sustainable Real Estate:
CounterpointeSRE is a financial firm specializing in financing commercial real estate and sustainable infrastructure through C-PACE and additional debt product solutions. Since 2013, Counterpointe has financed new construction and upgrades that have had a major impact on greening and providing resiliency to commercial properties by reducing annual electricity consumption by greater than 62,000 MWh per year and water consumption by 18 million gallons per year. Counterpointe and its affiliates additionally administer PACE programs in Florida, California, and for the City of Chicago.