RiverHaus
RiverHaus
RiverHaus

RiverHaus

Size: 341,900 SF Cost: $40,000,000

RiverHaus

Covington, KY

RiverHaus is a new, large luxury apartment project in Covington’s MainStrasse Village. The two acre site located at 501 Main St. is being converted into a 189-unit apartment building. In 2015, the Kentucky General Assembly passed legislation that allowed local governments to establish EPAD districts to finance energy-efficiency improvements on commercial, industrial, and multi-family properties. These districts allow Property Assessed Clean Energy (PACE) financing to pay for the improvements. While property owners in Covington and other Kentucky cities have used PACE to finance energy improvements in existing structures, the RiverHaus project in Covington is the first new-construction project in state to utilize this financing tool.

The Lane Report Covers RiverHaus PACE Financing

Creative Financing Model Used for RiverHaus Project