Anacostia nonprofit launches new HQ using DC PACE financing

A leading provider of supportive services to families in Ward 8 is constructing a new state-of-the-art headquarters with help from the District of Columbia’s Department of Energy and Environment’s DC Property Assessed Clean Energy (DC PACE) financing program. The Far Southeast Family Strengthening Collaborative, Inc. (FSFSC), an anchor of the community for over 20 years, will use PACE financing at low tax-exempt rates to fund green building improvements for their new home in historic Anacostia. This is the first use of PACE with tax-exempt funds in the nation. This marks the fifth DC PACE deal closed under Mayor Bowser’s Administration, representing over $5.2 million in clean energy and water investments, with other major PACE deals in the pipeline.

The project includes the renovation of a vacant furniture store on Martin Luther King Jr. Avenue into the new offices for FSFSC, which is currently located a few blocks from the site. The first floor will become the first “Busboys and Poets” restaurant and bookstore east of the Anacostia River.

Read the full story. (Urban Ingenuity)