Hawaii HI C-PACER financing

History and statewide availability

The framework began with Act 183 of 2022. Act 41, approved 30 May 2024 and effective 1 July 2024, consolidated administration under HGIA and removed the county-administered alternative. These dates and changes are now directly supported by the enacted session law. Act 41, sections 1–4 and 13, printed pp. 76–87 The guide now describes statewide administration rather than a county opt-in system. Its downloaded filename says May 2026, but its actual cover reads Revised July 2026. Current HGIA guide

DBEDT's 2024 annual report identifies the program's operational launch as 1 July 2024. This should not be conflated with the 2022 enabling law or a first financed project. DBEDT 2024 annual report

Buildings and eligible improvements

HGIA's program page describes financing for commercial, industrial, agricultural, nonprofit and qualifying multifamily property, with measures spanning energy efficiency, renewable energy, water conservation and resilience. Examples include vehicle charging and fire-safety or wastewater-related improvements where program criteria are met. Technology inclusion is not blanket approval of every associated cost. Official program overview

Current HRS §196-61 includes existing/new nonresidential property, including leasehold or possessory interests; multifamily/townhouse property of five or more units; agricultural property; and qualifying condominium associations of six or more units. Individual residential condominium units are expressly excluded. Current statutory definitions

The July guide addresses fee-simple and leasehold interests, rental multifamily of five or more units and condominium associations of six or more units. It also warns of practical capital-provider limitations for existing condominium projects. Eligible completed work may be considered within a five-year look-back; aging affects the financing term. HGIA guide

Consent, collection and transfer

Under the guide, existing mortgage holders must provide written consent. Current HRS §196-64.5 establishes the voluntary statutory lien, with exceptions to its priority for property taxes and other government assessments; among multiple assessment liens, earlier liens take priority. It assigns billing and collection to HGIA and requires seller disclosure to a prospective purchaser. Consent documentation and condominium-specific provisions require transaction-level review, not an assumed waiver. HRS §196-64.5

The operational guide uses a standalone assessment bill, not an assumed county property-tax-bill mechanism. The assessment can remain with the property, but future sale or refinancing terms still matter. HGIA guide

How to approach a project

Start with HGIA's application and capital-provider materials. Confirm the property interest, eligible measures, technical review and current documentation; involve mortgage holders before finalizing the capital stack. Compare written capital-provider proposals, program charges, payment schedules, prepayment provisions and completion obligations. Ask HGIA to reconcile any contradictory older page before relying on it. Applications and program resources

What is known about project activity

HGIA's approved minutes for 30 January 2026 say the program was awaiting its first C-PACER closing at that meeting. That is a dated operational statement, not proof that no transaction had closed by this research date. Other HGIA lending figures should not be relabeled as C-PACER. No named, completed C-PACER transaction was independently verified for this packet. Approved board minutes

Local verification: statewide program, island-specific project review

HI C-PACER's current guide uses statewide administration rather than county opt-in. That does not remove local building, land-use, utility or permit requirements. Confirm the property's island, county, ownership interest and actual design with HGIA and the relevant authorities; do not apply the older Oahu-only description as a current program boundary. July 2026 guide

The guide includes seismic, wind/fire, stormwater/flash-flood, outage and extreme-heat resilience categories, with other environmental hazards identified by the Department of Health; professional certification may be required along with program approval. This list does not imply that every coastal, hurricane or wildfire-related expense qualifies. This packet establishes neither an island-by-island hazard ranking nor parcel-specific code/permit compliance. Guide, resilience requirements

Additional verification limits

Items requiring further confirmation: Current legislature-hosted HRS 196-61/196-64.5 and enacted Act 41 2024 directly reviewed; no exhaustive later-session audit. Section 196-64.5(c)(7) alternatives/condominium consent interpretation; no named closing; current guide vs older official summaries; island-specific permits/code.

Continue your project research

Compare the national C-PACE financing structure; Organize state and local project requirements; Prepare a commercial-building improvement scope. This page provides guidance only; it does not accept an application or submit information to a provider.