Maurine Street Apartments includes 120 units across 16 two-story buildings. The complex has various amenities, including a swimming pool, playground and laundry building. At the time of the application, the property was being renovated, and the owner opted to incorporate energy and water saving improvements that qualified for C-PACE financing.
Impact
By obtaining C-PACE financing, the property owner was able to incorporate energy and water savings improvements, which enabled Wichita County to further its sustainability and economic development goals while reducing strain on the Texas power grid. The improvements are expected to reduce the property’s annual electricity usage by 27%.