Detroit Hampton Manor

C-PACE AMOUNT

$5.5M

Property Type

Senior Living

Project Type

New Construction

STATE

Michigan

Detroit Hampton Manor

Property Description

Detroit Hampton Manor is a 78-unit assisted and memory care facility in the Northern Detroit Metropolitan area. The PACE loans will be used to finance conservation measures including high-efficiency HVAC and ENERGY STAR windows.

Loan Usage

The C-PACE loan was a part of the project's total expected cost of $19.4M, and was utilized to cover energy efficiency and renewable energy measures that are expected to save $647,779 annually in the payback period of 9 years.

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This material, along with any views and opinions expressed within, are presented for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors. Because C-PACE programs vary by location, we cannot guarantee all information is applicable in every situation. Talk to a PLG originator for advice specific to your project.