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Rexburg sets Nov. 6 hearing to consider C-PACE program for private development financing
Rexburg City Council · October 16, 2024
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Summary
The council set a public hearing for Nov. 6 to consider authorizing a local C-PACE program, which lets private lenders finance energy- and resilience-related commercial and multi-unit housing improvements with a city-administered lien process.
Rexburg staff described C-PACE (Commercial Property Assessed Clean Energy) to the City Council as a private-lender financing tool enabled by Idaho code that can lower borrowing costs for qualifying commercial or multi-unit housing projects that install efficiency or resiliency improvements. Staff said…
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