Description
Local action is required to realize emission reductions from state and local regulations. Owners and operators of commercial buildings and larger multifamily buildings are required to achieve efficiency improvements under the Washington State Clean Buildings Act. However, additional support is needed for some owners that lack the operational or fiscal support to achieve improvements in a timely manner. This includes lowering financial and logistical barriers for building decarbonization retrofits by collaboratively developing financing mechanisms and products that fill gaps in loan and incentive offerings for multiple income levels in both residential and commercial buildings. It also includes analyzing gaps in financial offerings by economic status or geography, working with financing institutions, people living with low incomes, underserved communities and other partners. King County will conduct a study that assesses and identifies County actions to advance market development, remove supply chain barriers and support broader use of decarbonization technologies. The County will also develop an Accelerator Network, coordinating with and adding to existing Accelerator programs to fill geographic or support service-gaps for commercial and multifamily buildings.