New York—A Dentons team is advising the New York City Energy Efficiency Corporation (NYCEEC) in its role as administrator of New York City’s newly-enacted Commercial Property Assessed Clean Energy (PACE) loan program. Led by Capital Markets partner Charles Gelinas, the Dentons team also includes Erik Klingenberg, Tracy Sorensen, Alex Klidonas, Sam Lerner and William Beecher.

New York City’s Commercial PACE program allows for commercial and multifamily building owners to finance energy-saving and clean energy measures through financing products that enable low-cost, long-term funding to help owners pay for these improvements.

NYCEEC will administer NYC's PACE financing program, while continuing to offer a broad range of financing solutions for building owners and clean energy project developers. Through PACE financing to New Yorkers, New York City aims to achieve buildings that are greener, healthier and more affordable, and reduce carbon emissions 80 percent by 2050.

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