1. PACE Financing for USDA Multifamily Properties
How the Lean & Green Michigan PACE market is leading the charge in energy upgrades to affordable housing
Andy Levin, JD
President, Lean & Green Michigan
Copyright © Levin Energy Partners, LLC. All rights reserved.
Mansoor Ghori
Managing Director, Petros Partners

2. Copyright © Levin Energy Partners, LLC. All rights reserved.
Lean & Green Michigan
fast-growing statewide PACE market
Statewide “co-op”
No taxpayer $ to create or run program, and none in the deals
Creates one big, efficient open PACE market
26 local govt’s have joined program representing 53% of population
Even more of biz-to-biz economy
Copyright © Levin Energy Partners, LLC. All rights reserved.

3. Cambridge Court Apartments
Greenville, Michigan
First USDA-approved PACE project with USDA as mortgage holder
One of the first PACE/REAP grant project combos
$115,000 in solar, boilers, controls, low-flow plumbing at Lifetime positive cash flow to property
Copyright © Levin Energy Partners, LLC. All rights reserved.

4. PK Housing – Petros Partnership: Phase One
Cambridge Court completed
Five additional projects on four properties are queued & awaiting USDA approval
Upper & Lower Peninsulas
$1.045 million in additional investment = over $2 million in savings
Benefits of partnership
Streamlined process
Reduced admin/legal fees