Paceline Apartments

Property Description

Paceline Apartments is a 5-story multifamily building situated near Portland’s Central Business District. The units are a mix of live/work studios, flats, one-bedrooms, and units dedicated to households at or below 80% of the AMI. The property features a community room, outdoor courtyard, and a rooftop deck area with seating and barbecues.

Loan Usage

The PACE loan financed the purchase and implementation of energy conservation measures for the property, such as building envelope improvements, low flow fixtures, and HVAC upgrades. The property is participating in the Inclusionary Housing program, as it includes affordable units.