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Council opts into Garden State CPACE program; residents ask who benefits and whether public housing can use funds
Summary
Council adopted an ordinance to opt into New Jersey's CPACE program to support financing of energy and resilience upgrades for eligible commercial and multifamily properties; public speakers asked whether homeowners or public‑housing assets could access the funding and requested guardrails to ensure equity.
The City Council on Dec. 17 voted to adopt an ordinance opting Newark into the Garden State Commercial Property Assessed Clean Energy (CPACE) program. Allison Ladd, director of economic and housing development, explained CPACE allows property owners to access long‑term financing for energy efficiency, renewable energy and resilience improvements and that…
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