READ AND PASSED

The enacted ordinance amends Philadelphia’s C-PACE program for qualifying commercial property, including multifamily housing with five or more units and mixed-use properties with at least five residential units. It expands eligible projects to include clean energy, resiliency, indoor air quality, water conservation, and alternative energy improvements, and requires notice and consent from existing lenders, along with compliance with City and School District tax obligations before financing begins. The changes take effect when the specified Commonwealth legislation amending the state C-PACE law becomes effective.

Amending Bill No. 190412, entitled "An Ordinance approving City participation in the Commonwealth's Property Assessed Clean Energy Program, all under certain terms and conditions," to modify the C-PACE program in conformity with Commonwealth legislation and to make other conforming changes, all under certain terms and conditions.