Building

Painesville Tower Student Housing

Painesville, Ohio

Project overview

Lake Erie College, a private liberal arts college founded in 1856, is converting an old Chase Bank office building into new, high-end housing for their students. The building will have 171 bedrooms, a fitness center, conference space, and a dining hall. The project is located in an Ohio Community Redevelopment Area and received a Historic Tax Credit allocation.

Efficiency upgrades:

HVAC, electrical and lighting, roof, new insulation, and energy efficient windows

Environmental impact over the expected weighted average life (28 years):

Carbon savings: 3,024 metric tons
Energy savings: $960,493
Kwh savings: 5,000,044
KBTU savings: 17,230,948

CIRRUS Low Carbon Verified: Yes

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7550 Wisconsin Avenue 8th Floor Bethesda, Maryland 20814

Phone: 800-248-0337
Fax: 301-576-8444
info@calvertimpact.org

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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

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