Maverick on Seymour Apartments includes 120 Class-B units across 17 two-story buildings. At the time of the application, the property was being renovated, and the owner chose to incorporate additional energy- and water-saving measures that qualified for C-PACE financing.
Impact
By obtaining C-PACE financing, the developer was able to incorporate improvements that save energy and water, which helped Wichita County 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 29%.