Portland Signs Off On 3 Million Dollar Energy Efficient Retrofit Program

Dated: September 11 2015

Views: 538

The city and county have passed a program aimed at helping Portland-area building owners boost their energy efficiency performance.

The Portland Development Commission has approved a new program that will allow PDC to provide loans to building owners hoping to make energy-efficient retrofits. Multnomah County approved its participation in the $3 million Commercial Property Assessed Clean Energy program last week.

The program will help back energy-efficient retrofits in South Waterfront and other Portland urban renewal areas.Enlarge

The program will help back energy-efficient retrofits in South Waterfront and other… more

PDC will serve as the two-year pilot program's administrator, which is backed by tax-increment financing.

The offering will back as many as 10 projects in the Downtown Waterfront, Gateway Regional Center, Interstate Corridor, Lents Town Center, North Macadam and River District urban renewal areas. PDC and the county will push for minority- and women-owned businesses to receive the retrofit work.

PDC's board approved the program yesterday.

“With CPACE loans, we hope to remove a financial barrier to investment in energy efficiency while we also take steps to create wealth creation opportunities for construction firms owned by people from underrepresented populations," said PDC Executive Director Patrick Quinton, in a release.


Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

6 Home Upgrades Buyers Want In The COVID19 Era

If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived.But now, we’re more than six months

Read More

Builder Confidence Breaks Previous 35 Year Record High

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago

Read More

7 Simple Renovations To Coronavirus Proof Your Home

As much as we all wish we could go back to a time when social distancing was a foreign concept and masks were just something you wore with a Halloween costume, it’s clear by now that COVID-19’

Read More

The Forbearance Crash Bros Spoke Too Soon

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective,

Read More