Financing Amount: $1,102,187

Property Summary:

On November 21, 2025, the Philadelphia Energy Authority, PACE Equity, and Lincoln 7078 LLC closed on C-PACE financing for energy efficiency and water conservation measures to be installed on a new construction multifamily property. The C-PACE assessment is for $1.1MM which represents 50% of total eligible C-PACE measures.

The 39,000 square-foot mixed use multifamily building is 5 stories tall and will have 30 apartments. It is in the Mt. Airy neighborhood of Philadelphia.  The owners, managed by SRG Living, borrowed $1,102,187 in C-PACE financing from PACE Equity to fund the energy and water efficiency improvements.

Energy savings calculations are based on improvements above IECC 2018, Philadelphia’s energy code baseline in 2025 and percent of qualified project financed with C-PACE. The facility features HVAC, lighting and envelope measures substantially above energy code. Altogether, the building is projected to use 23% less energy than required by energy code (IECC 2018).