2 min
June 23, 2026
How C-PACE Can Close the Final Gap in Historic Redevelopment
C-PACE financing can help historic redevelopment projects fill stubborn capital stack gaps while funding energy, water, and building-system improvements already integral to the rehabilitation.
Sometimes, the hardest gap to close in a historic redevelopment deal is the last one.
The capital stack is almost there. The project works. The vision is clear. But “almost” does not get a building rehabilitated.
That is where C-PACE can make a meaningful difference.
C-PACE financing is tied to the property and repaid through a special assessment, often with long terms and fixed rates. That structure can make it a better fit for complex redevelopment projects than solely relying on conventional debt, particularly when the goal is to preserve cash flow and fill a stubborn financing gap.
And for historic buildings, the eligible improvements often align naturally with the work already required:
• Energy-efficient HVAC systems
• Improved insulation and building envelopes
• Water-saving systems
• Renewable energy improvements
• Other upgrades needed to bring an older building into modern use
In other words, the project is not stretching to qualify. The financing fits the rehabilitation.
C-PACE programs are now available in more than 35 states. Our team is happy to help assess whether C-PACE may work for your project and connect you with our partner providers.
Read more
The capital stack is almost there. The project works. The vision is clear. But “almost” does not get a building rehabilitated.
That is where C-PACE can make a meaningful difference.
C-PACE financing is tied to the property and repaid through a special assessment, often with long terms and fixed rates. That structure can make it a better fit for complex redevelopment projects than solely relying on conventional debt, particularly when the goal is to preserve cash flow and fill a stubborn financing gap.
And for historic buildings, the eligible improvements often align naturally with the work already required:
• Energy-efficient HVAC systems
• Improved insulation and building envelopes
• Water-saving systems
• Renewable energy improvements
• Other upgrades needed to bring an older building into modern use
In other words, the project is not stretching to qualify. The financing fits the rehabilitation.
C-PACE programs are now available in more than 35 states. Our team is happy to help assess whether C-PACE may work for your project and connect you with our partner providers.
Read more
