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Intro Property Assessed Clean Energy (PACE) Finance WebCourse
December 5-6, 2017
12:00 - 5:00 pm Eastern

Alaska Industrial Development and Export AuthorityBaker Tilly Virchow KrauseBallard Spahr LLPBNY MellonBricker & Eckler LLPBryan Cave LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFrost Brown Todd, LLCHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMB Financial Bank, NAMcCarter & English, LLPMcGuireWoodsMiles & Stockbridge P.C.NW Financial Group, LLCSB Friedman Development AdvisorsSquire Patton BoggsStern Brothers & Co.Stifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer

-Overview

Property Assessed Clean Energy (PACE) is an emerging financing tool designed to catalyze energy efficiency improvements on industrial, commercial and residential structures. These programs help communities to reduce their energy use, lower energy costs and lessen environmental impacts. PACE uses special assessment districts to allow for the cost of energy efficiency improvements to be paid for over time through the property owner's tax payments.

The Intro Property Assessed Clean Energy (PACE) Finance WebCourse will explore the process of creating, operating and maintaining a community based PACE program. This two day course will feature a comprehensive overview of PACE including program design, capital markets analysis, investor attraction, legal and regulatory considerations, market potential, operations and much more. CDFA’s Intro PACE Finance Course will put your community on the path to energy independence while creating jobs and improving the environment.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

Register

Course Objectives

  • Learn the basics of PACE, how it functions and why it is important for energy improvements
  • Tell the difference between the needs of commercial versus residential properties
  • Follow the process of setting up a PACE district from start to finish
  • Grasp an understanding of energy bonds and their purpose in providing revenue
  • Discover the many roles involved in completing a successful PACE program
  • Learn how to implement a PACE program in your community
  • Ascertain a knowledge of the financing terms, regulations, and guidelines
  • Hear recommended practices from a number of projects and case studies throughout the country

Topics Covered

  • How PACE works
  • Why use PACE as a financing tool
  • Addressing barriers to PACE implementation
  • Financing process & terms
  • Important regulations & guidelines
  • Management structures
  • How to create a PACE program for a community
  • Example PACE programs from start to finish
  • Residential vs. Commercial
  • PACE Bonds
  • Eligible PACE Products
  • Players involved – designer, administer, contractor, investor, financier, property owner
  • Marketing your PACE program
  • Finding potential investors and contractors
  • Lender consent process

Who Should Attend?

  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Broker, dealers and underwriters
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Attorneys
  • Accountants
  • Financial Advisors
  • Policy Makers

Course Advisor

Brian Farnen Brian Farnen
Connecticut Green Bank
General Counsel & Chief Legal Officer
As General Counsel and Chief Legal Officer for the Connecticut Green Bank (Green Bank), the nation’s first “green bank”, Brian directs all legal, legislative and regulatory affairs at the Green Bank. Brian was an attorney with the AmLaw 100 law firm... (More)

-Agenda

Tuesday December 05, 2017

Tue 12:00 PM - 12:30 PM
Welcome & Overview
Welcome participants, introduce CDFA, and set the stage for the course.
Speaker(s)
  • Brian Farnen, General Counsel & Chief Legal Officer, Connecticut Green Bank
  • Cayla Matsumoto, Director, Education, Council of Development Finance Agencies
  • Tue 12:30 PM - 01:30 PM
    Understanding PACE
    Property Assessed Clean Energy (PACE) financing is taking hold across the country through several innovative programs. Designed to support the expansion of energy efficiency installations in industrial, commercial, and residential buildings, PACE programs incentivize reduction in energy usage by paying for up-front improvements through assessments on property tax bills over time. This session will explain the basic concepts of PACE and how it is beneficial for the energy industry.
    Tue 01:30 PM - 02:15 PM
    Legal, Policy & Regulatory Considerations
    In order for PACE programs to be successful, there are a complex set of legal requirements and financial guidelines that must be taken into consideration. These policies allow the tool to function as well as bring about financial viability for the properties involved. During this session, industry representatives will outline the legal and policy necessities that must be met for successful implementation of PACE.
    Speaker(s)
  • Caleb Bell, Partner, Bricker & Eckler LLP
  • Tue 02:15 PM - 02:30 PM
    Break
    Tue 02:30 PM - 03:30 PM
    PACE Players Involved and Their Roles
    There are many players involved in the implementation of PACE programs including the designer, administer, contractor, investor, financier, property owners and more. For example, why is it so important to get a contractor on board at the very beginning? How should the community attract investors and what can they do to make the program more appealing? This session will open the discussion between all of the professionals that normally collaborate for a successful PACE program.
    Speaker(s)
  • Cisco DeVries, President, Renew Financial
  • Andrew Meyer, Vice President & Associate General Counsel, Twain Financial Partners
  • Tue 03:30 PM - 05:00 PM
    PACE Financing Options
    There are a number of capitalization options for the initial investments into a PACE district, including bonds, grants, loans, and more. This session will explore the many starting funds that can be used, as well as focusing on the process of issuing PACE bonds.
    Speaker(s)
  • Laura Franke, Managing Director, Public Financial Management
  • Tue 05:00 PM
    Adjourn

    Wednesday December 06, 2017

    Wed 12:00 PM - 12:15 PM
    Revisiting Day 1
    At the start of the second day of the Intro PACE Finance WebCourse, we will review some important terms and set the stage for the remaining sessions.
    Speaker(s)
  • Brian Farnen, General Counsel & Chief Legal Officer, Connecticut Green Bank
  • Wed 12:15 PM - 12:45 PM
    Residential vs Commercial Considerations
    The goal of this session is to discern the difference in financing mechanisms needed for various zoning areas within a community. The laws and financial needs vary widely between commercial and residential properties and panelists will compare and contrast these needs for a better understanding of PACE as a whole.
    Speaker(s)
  • Abigail Johnson, President, Abacus Property Solutions
  • Wed 12:45 PM - 02:45 PM
    PACE Program Management
    The goal of this course is to provide attendees with the knowledge necessary to implement successful PACE programs in your own community. During this session, panelists will share detailed directions on realizing PACE district implementation including administrative needs, marketing, contractor certification, staff needs, loan servicing and SID approval.
    Speaker(s)
  • Andy Holzhauser, Partner, Donovan Energy
  • Chani Vines, Director, Policy and Environment, Renovate America
  • Wed 02:45 PM - 03:00 PM
    Break
    Wed 03:00 PM - 05:00 PM
    PACE - CASE Studies
    As the course comes to an end, the main ideas and process as a whole are wrapped up in shared case studies of PACE programs that have taken off throughout the country. A variety of zones, states, and innovative programs will be demonstrated.
    Speaker(s)
  • Jeremy Kalin, President, Eutectics Consulting LLC
  • Wed 05:00 PM
    Adjourn

    -Location


    The Intro Property Assessed Clean Energy (PACE) Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on December 5-6, 2017 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

    -Registration

    The Property Assessed Clean Energy (PACE) Finance WebCourse qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

    CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate your connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

    Register before November 17, 2017 for Early-Bird Rates.
    Early Bird Rates
    (Ends November 17)
    CDFA Member: $550
    Non-Member: $825
    Standard Rates
    (After November 17)
    CDFA Member: $600
    Non-Member: $875


    Register