Peabody Properties Hits $35M Milestone In LEAN Funding For Energy Sustainability Projects In 2023

Source: citybiz.co

Peabody Properties, an affiliate of the Peabody Companies, a group of award-winning property management and real estate firms, has reached a milestone of $35 million in funding through the Massachusetts LEAN Multifamily Program (www.leanmultifamily.org) for 2023.

LEAN is the statewide network of local Community Action Agencies that provide energy efficiency and other energy services at no cost to income eligible clients. The LEAN Program is tailored to deliver complete, cost-effective gas and electric efficiency measures for affordable housing across Massachusetts.

Working in collaboration with ACTION Inc. (www.actioninc.org)  and ABCD Action Energy Services (www.bostonabcd.org), numerous Peabody Properties’ communities have received funding for projects in a variety of areas, including lighting (valued at $11,821,283), refrigeration (valued at $684,971), boiler (valued at $13,440,961), thermostats (valued at $475,353), AMPS/tenant upgrades (valued at $114,367), water upgrades (valued at $369,526), and weatherization (valued at $6,120,140).