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Seattle & Northwest  + Pacific Northwest  + Apartments  | 
Solar Panels

With Green Globes Certification, Developers Can Pursue C-PACE

Green Building Initiative’s Green Globes building certification is becoming a sought-out tool as multifamily housing continues to be one of the fastest growing areas in commercial real estate. The certification provides adaptability and an optional expedited process in as little as eight weeks.

With a Green Globes certification, developers can pursue incentives such as the Commercial Property-Assessed Clean Energy (C-PACE) program and Fannie Mae’s Multifamily Green Building Certification program to help fund projects.

C-PACE is a program designed for commercial property owners seeking to invest in long-term modifications which contribute to a building’s resilience and reliability. It offers financing for energy efficiency improvements, renewable energy or other sustainability enhancements, with the loan being paid back within 10 years via an assessment on the property’s tax bill.

MultiGreen Properties, a GBI member, recently broke ground on the APEX @galleria multifamily project located in Henderson, NV, which was partially funded with a C-PACE loan.

“We’re thrilled to be working with GBI to deliver the first C-PACE-funded project in Henderson,” said Randy Norton, founder and chairman of the board at MultiGreen. “Our mission is to develop Workforce Plus communities that are sustainable, and focused on the health and well-being of our residents. The building certifications validate our delivery of those objectives.”

C-PACE financing is limited to county or municipalities that have approved PACE-enabling legislation. Currently, it is available in 32 states and the District of Columbia.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Development
  • ◦Policy/Gov't
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