Expanding opportunities for multifamily financing under commercial property assessed capital enhancements

LC 3191 aimed to expand financing options for multifamily property owners (like apartment buildings) to fund energy efficiency upgrades through property tax-based programs. The bill would have broadened eligibility for commercial property assessed capital enhancements (PACE), allowing more buildings to access low-cost loans repaid via property taxes. However, the bill died in the drafting process on May 27, 2025, and never advanced to a committee vote or floor debate. It remains a proposed measure with no legislative action taken.