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Jersey City Council adopts ordinance to opt into Garden State C-PACE program after Port Liberte residents urge action
Summary
After public comment from Port Liberte residents about a costly building envelope repair, the Jersey City Municipal Council adopted an ordinance opting into the Garden State C-PACE financing program to enable property-level loans for energy and resiliency projects.
The Jersey City Municipal Council on Wednesday adopted an ordinance to opt the city into the Garden State Commercial Property Assessed Clean Energy (C-PACE) program, a state-backed financing mechanism that helps owners fund energy efficiency and resiliency work through property-secured assessments.
The measure, city ordinance 25-065, passed on final reading by an 8-0 vote with Councilperson Baggiano absent.
The adoption followed a public hearing in which multiple Port Liberte residents described a multi-million-dollar capital project at their waterfront condominium and urged the council to approve the C-PACE opt-in so their community could access financing. “Port Liberte is a beautiful condominium development on the canals,” resident Leanne Callahan told the council,…
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