Nonprofit Uses Pay from Savings Plan for Upgrades, September 19, 2018, GlobeSt.
“Mercy Housing partnered with Bright Power and Affordable Community Energy Services Company to help upgrade approximately 80 properties in the Bay Area and Sacramento. The properties are located in Daly City, Half Moon Bay, Mill Valley, Oakland, San Francisco, San Rafael and Folsom, which is the majority of its California portfolio.
“Through this ongoing collaboration, Mercy Housing is able to utilize a pay-from-savings financing model to complete efficiency improvements when needed most, rather than waiting for refinancing or taking out a secondary loan.” – GlobeSt
