New Financing Program Launched That Will Make It Easier for Building Owners to Implement and Maintain Green Roofs across America
Green Roofs for Healthy Cities (GRHC), North America’s green roof and wall industry association, is pleased to announce Counterpointe Sustainable Real Estate, a leader in commercial real estate PACE financing has just launched a new financing program for the design, installation, service and maintenance of green roofs across the United States. This new financing program will help property owners comply with San Francisco’s Better Roofs Ordinance and is backed by property-tax assessment fundings – known as Property Assessed Clean Energy (PACE) – through which local counties or municipalities offer a voluntary tax assessment increase in exchange for financing 100% of the costs of funding permanent green energy-saving, water-saving and seismic strengthening improvements. PACE exists in 33 states and requires state legislation to come into effect as a tool for greening buildings and improving communities. The program currently applies in all PACE approved states.
GRHC has been working with Counterpointe Sustainable Real Estate on the development of this new financing program, which covers 100% of the financing of all the ‘soft’ costs such as design, engineering, egress installation and prepaid service or maintenance contracts.
“Being able to roll service or maintenance costs into an overall financing package for building owners is a major step forward in addressing the challenge of maintenance neglect”, said Steven W. Peck, GRP, Founder and President of Green Roofs for Healthy Cities. “PACE financing will also dovetail very well with the incentives and regulations that have already been implemented in a number of jurisdictions and will give a definite boost to the growth of the green roof industry,” he added.
“CounterpointSRE is pleased to work in conjunction with city planners to help reduce the urban heat island effects, manage stormwater and increase open space in commercial spaces,” said Eric Alini, managing partner at Counterpointe Sustainable Real Estate. “Through this program property owners can increase ROI, improve property aesthetics and enhance property value while making our cities more environmentally friendly.”
CounterpointeSRE will be exhibiting at the upcoming CitiesAlive Green Roof and Wall Conference in Seattle from September 17-21, 2017 at the Sheraton Hotel. At CitiesAlive, Jeff Joslin, Director of Current Planning, City of San Francisco will be presenting their Better Roofs Ordinance, which requires green and/or solar panel installation on all new roofs in the City.
Source: Living Architecture Monitor