By Kerry Kilpatrick
“Saginaw County leaders have approved a countywide special assessment district that makes it easier for businesses and nonprofits to tackle energy efficiency and renewable energy projects.” MLive
A 1920’s era apartment complex located in Saginaw County, Michigan will be the county’s first property to take advantage of an innovative energy efficiency and renewable energy financing program recently approved by the county leadership.
Known as Property Assessed Clean Energy or PACE, it is the same mechanism used to finance streets, sewers, sidewalks and other community projects.
New Amadore Apartments is the property taking advantage of PACE financing. It is a six story, 63 unit facility built in 1929 and located in downtown Saginaw, Michigan.
According to the Energy Alliance Group of Michigan’s (EAG) CEO, Scott Ringlein, the project would not have been economically feasible without the availability of PACE financing.