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Regional ColPac pitches CPACE financing for energy efficiency and seismic upgrades to Clatsop County
Summary
ColPac representatives urged Clatsop County to adopt a CPACE ordinance enabling privately financed energy‑efficiency and seismic upgrades through property assessments; presenters said lenders own the assessment lien and ColPac would administer the program if the county adopts model ordinance language.
Planning manager Jay Blake and representatives from ColPac presented the commercial property assessed clean energy (CPACE) financing tool and asked the board to consider adopting a model ordinance into county code.
Lydia of ColPac explained CPACE as an Oregon‑tailored program that uses a recorded benefit assessment to secure private financing for eligible energy‑efficiency and resilience improvements. She said eligible improvements include conventional energy upgrades and seismic rehabilitation measures.
“This is the core gem of the program design: the benefit assessment,” Lydia said, explaining that the assessment is recorded against the property and the investor then owns the lien that secures CPACE financing.
ColPac said the model…
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